Jan 9, 2025 · 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 …

Jan 3, 2025 · Big Lots, Inc. (the "Company") today announced that it has successfully closed its previously announced sale agreement with Gordon Brothers Retail Partners, LLC ("Gordon Brothers") that will ...

Dec 28, 2024 · The retailer on Friday announced a transaction with Boston-based asset liquidation firm Gordon Brothers Retail Partners resulting in the transfer of 200 to 400 Big Lots stores to Variety ...

COLUMBUS, Ohio, Jan. 3, 2025 /PRNewswire/ -- Big Lots, Inc. (the "Company") today announced that it has successfully closed its previously announced sale agreement with Gordon Brothers...

Jan 3, 2025 · Big Lots Stores Saved. 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...

Jan 6, 2025 · US-based discount retailer Big Lots has concluded its sale agreement with Gordon Brothers Retail Partners, securing the brand’s future and several jobs. The two parties entered into agreement for the deal late last in 2024.

Boston, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Gordon Brothers, the global asset experts, has completed the purchase of Big Lots Inc. and facilitated the U.S. closeout retailer’s going concern...

Apr 24, 2024 · Gordon Brothers, the global asset experts, has agented a $200 million delayed draw term loan for Big Lots Inc. The U.S. home discount retailer of general merchandise will use the loan’s delayed draw feature to execute on strategic initiatives with the remaining amount to draw upon for available working capital and flexibility as needed.

Jan 2, 2025 · — The sale of the assets of Top 100 retailer Big Lots to Gordon Brothers Retail and transfer to Variety Wholesalers, Inc., was conditionally approved in the U.S. Bankruptcy Court for the ...

Oct 28, 2024 · Gordon Brothers, the global asset experts, has agented a $150 million debtor-in-possession (DIP) term loan for Big Lots Inc. The U.S. closeout retailer focused on value will use the DIP loan during ongoing Chapter 11 bankruptcy proceedings to support the going-concern sale and stalking horse bid.