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Nearly $212 million in revolving loan obligations
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Roughly $467 million in term loan debt
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About $2.63 million in letters of credit
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Additional unspecified advances, contributing to the overall burden
The numbers paint a picture of a company sparkling on the surface but cracking under financial pressure beneath.
Leadership Voices Resolve Amid the Crisis
J. Michael Issa, Lugano’s chief restructuring officer from GlassRatner, expressed confidence despite the turmoil, stating that the team has “worked extensively to prepare the business for this process” and emphasizing his commitment to guiding the company through its next phase.
As Lugano navigates the sharp edges of bankruptcy, the luxury brand aims to polish its future through restructuring, potential new ownership, and a fight to remain a fixture in the high-end jewelry world.
