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BRIEF-Gymboree Corp reaches agreement with term loan lenders
June 12, 2017 / 10:13 AM / 2 months ago

BRIEF-Gymboree Corp reaches agreement with term loan lenders

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June 12 (Reuters) - Gymboree Corp

* Gymboree Corp - Gymboree reaches agreement with term loan lenders; company continues to operate business as usual

* Restructuring facilitated through voluntary Chapter 11 filing will reduce debt by over $900 million

* Gymboree Corp -secured commitments for $35 million in new-money debtor-in-possession ("DIP") financing from a majority of its existing term loan lenders

* Gymboree Corp - secured up to $273.5 million in additional dip financing from existing lenders under Gymboree's asset backed loan credit facilities Source text for Eikon: Further company coverage:

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