Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
TUESDAY MORNING CORP/DE reported a default on term loan of approximately $24.47 million with unspecified at unspecified maturing unspecified.
- Instrument
- term loan
- Principal
- approximately $24.47 million
- Counterparty
- unspecified
- Rate
- unspecified
- Maturity
- unspecified
- Event
- default
Exact text from the filing
under the Pre-Petition ABL Credit Agreement (which amounts do not include certain disputed amounts consisting of prepayment premiums and consent fees) (ii) approximately $24.47 million under the Pre-Petition Term Loan Credit Agreement, and (iii) approximately $21.18 million under the Convertible Notes. Each of the Pre-Petition ABL Credit Agreement, the
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
TUESDAY MORNING CORP/DE reported a default on convertible notes of approximately $21.18 million with TASCR Ventures CA, LLC, as collateral agent at unspecified maturing unspecified.
- Instrument
- convertible notes
- Principal
- approximately $21.18 million
- Counterparty
- TASCR Ventures CA, LLC, as collateral agent
- Rate
- unspecified
- Maturity
- unspecified
- Event
- default
Exact text from the filing
disputed amounts consisting of prepayment premiums and consent fees) (ii) approximately $24.47 million under the Pre-Petition Term Loan Credit Agreement, and (iii) approximately $21.18 million under the Convertible Notes. Each of the Pre-Petition ABL Credit Agreement, the Pre-Petition Term Loan Credit Agreement and the Convertible Notes provides that as a result of the
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
TUESDAY MORNING CORP/DE reported a default on credit facility of approximately $23.01 million (including approximately $14.59 million in letters of credit) with Wells Fargo Bank, National Association, as administrative agent and collateral agent, and 1903P Loan Agent, LLC, as documentation agent for the FILO B loans at unspecified maturing unspecified.
- Instrument
- credit facility
- Principal
- approximately $23.01 million (including approximately $14.59 million in letters of credit)
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent and collateral agent, and 1903P Loan Agent, LLC, as documentation agent for the FILO B loans
- Rate
- unspecified
- Maturity
- unspecified
- Event
- default
Exact text from the filing
therein, and TASCR Ventures CA, LLC, as collateral agent (the “Convertible Notes”). As of the Petition Date, the Company had outstanding obligations of (i) approximately $23.01 million (including approximately $14.59 million in letters of credit) under the Pre-Petition ABL Credit Agreement (which amounts do not include certain disputed amounts consisting of
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Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
TUESDAY MORNING CORP/DE entered chapter 11 in United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division (petition 2023-02-14).
- Proceeding
- chapter 11
- Court
- United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division
- Petition
- 2023-02-14
Exact text from the filing
On February 14, 2023 (the “Petition Date”), Tuesday Morning Corporation (the “Company”) and certain of its direct and indirect subsidiaries (collectively with the Company, the “Debtors”) filed voluntary petitions (the “Chapter 11 Cases”) under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division (the “Bankruptcy Court”).
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