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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Bank of America Corporation | NYSE:BAC | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.18 | -0.47% | 38.19 | 38.495 | 38.00 | 38.02 | 28,743,704 | 00:37:48 |
From Apr 2021 to Apr 2024
By Alexander Saeedy
Jewelry retailer Alex & Ani LLC won court approval of a bankruptcy plan backed by all stakeholders eligible to vote. The bankruptcy plan swaps the company's nearly $112 million debt for equity and provides approximately $4.5 million in exit financing, Alex & Ani lawyer Allyson Smith said in Wednesday's court hearing.
Judge Craig Goldblatt of the U.S. Bankruptcy Court in Wilmington, Del. gave congratulations to the parties for taking a "moderately complicated case" and finding consensus after the retailer's June bankruptcy filing.
As part of the final plan, Alex & Ani founder and former CEO Carolyn Rafaelian agreed to sell her stake in a Bank of America credit facility split between herself and investor Lion Capital, while settling disputes between herself, Lion Capital, and Bank of America.
Write to Alexander Saeedy at (alexander.saeedy@wsj.com)
(END) Dow Jones Newswires
September 22, 2021 15:16 ET (19:16 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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