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    Will Gordon brothers buy Big Lots?
    Under the deal, Gordon Brothers will acquire Big Lots’ assets in exchange for repaying the retailer’s Chapter 11 loan plus as much as $17 million in oustanding rent and other fees and expenses related to the bankruptcy, according to court documents.

    Half Of Big Lots Stores Could Be Saved In Variety Wholesalers Deal

    forbes.com
    Does big Lots own Nexus?
    Big Lots, Inc. (the "Company") today announced that it has agreed to a sale transaction with Gordon Brothers Retail Partners, LLC ("Gordon Brothers... Big Lots, Inc. (the "Company") today announced that it does not anticipate completing its previously announced asset purchase agreement with Nexus...

    BIG LOTS CLOSES SALE TO GORDON BROTHERS RETAIL PARTNERS - P…

    prnewswire.com
    Does Gordon Brothers have a debtor-in-possession loan?
    Gordon Brothers had previously agented a $200 million delayed draw term loan providing liquidity in support of the company’s turnaround strategy and a $150 million debtor-in-possession term loan for Big Lots’ Chapter 11 bankruptcy proceedings in support of the sale process.

    Gordon Brothers Completes Big Lots Purchase & Facilitates Going Conc…

    gordonbrothers.com
    How many Big Lots stores will be saved?
    Up to a half of Big Lots stores will be saved after it agreed to a transaction with Gordon Brothers Retail Partner that enables the transfer of Big Lots assets. The close-out retailer, which filed for bankruptcy in September, said that these assets include its circa 800 remaining stores, its distribution centers and intellectual property.

    Half Of Big Lots Stores Could Be Saved In Variety Wholesalers Deal

    forbes.com
    Why did Big Lots close a strategic transaction?
    Bruce Thorn, Big Lots' President and Chief Executive Officer, said, "We are pleased to close this strategic transaction, which provides a framework to preserve thousands of jobs, maximize value, and maintain the Big Lots brand. We are working closely with the Gordon Brothers and Variety Wholesalers teams on this transition.

    BIG LOTS CLOSES SALE TO GORDON BROTHERS RETAIL PARTNERS - Ya…

    finance.yahoo.com
    Who is Big Lots?
    Big Lots is one of the nation’s largest closeout retailers focused on extreme value. The Company is dedicated to being the big difference for a better life by delivering bargains to brag about on everything for the home, including furniture, décor, pantry and more.

    Gordon Brothers Completes Big Lots Purchase & Facilitates Going Conc…

    gordonbrothers.com
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