{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-022784","form_type":"8-K","ticker":null,"cik":"0000878726","company_name":"TUESDAY MORNING CORP/DE","filed_at":"2023-02-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.356278+00:00","generated_at":"2026-06-19T10:04:00.701871+00:00","sec_items":["1.01","1.03","2.03","2.04","2.05","7.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Tuesday Morning files Chapter 11 bankruptcy; plans to close ~260 stores; DIP financing of up to $51.5M","bullets":["Filed Chapter 11 on Feb 14, 2023; pre-petition debt of ~$68.7M across ABL, term loan, and convertible notes.","Secured DIP facility of up to $51.5M from Invictus Special Situations Master I; initial $3.1M bridge loan drawn.","Plans to close approximately 260 store locations; costs not yet estimable.","Company expects existing common stock to be cancelled with no recovery for shareholders.","Interim DIP order approved $15M initial term loans; matures Aug 15, 2023 or upon sale/reorganization."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-022784","json":"https://secwatch.observer/filing/0001104659-23-022784.json","markdown":"https://secwatch.observer/filing/0001104659-23-022784.md","text":"https://secwatch.observer/filing/0001104659-23-022784.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/878726/000110465923022784/0001104659-23-022784-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/878726/000110465923022784/tm237022d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T10:04:00.701871+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0925d4e4921c320364b843488cfa14eaf5fd4ff8","claim":"TUESDAY MORNING CORP/DE reported a default on term loan of approximately $24.47 million with unspecified at unspecified maturing unspecified.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/878726/000110465923022784/0001104659-23-022784-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"approximately $24.47 million"},{"label":"Counterparty","value":"unspecified"},{"label":"Rate","value":"unspecified"},{"label":"Maturity","value":"unspecified"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"89aa6fe6cf95be0f5496455e2eee961a47d67013","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/878726/000110465923022784/0001104659-23-022784-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"approximately $21.18 million"},{"label":"Counterparty","value":"TASCR Ventures CA, LLC, as collateral agent"},{"label":"Rate","value":"unspecified"},{"label":"Maturity","value":"unspecified"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"ed6cb8ed806396ab14ffabb6252ea1f74e149fc2","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/878726/000110465923022784/0001104659-23-022784-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"approximately $23.01 million (including approximately $14.59 million in letters of credit)"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as administrative agent and collateral agent, and 1903P Loan Agent, LLC, as documentation agent for the FILO B loans"},{"label":"Rate","value":"unspecified"},{"label":"Maturity","value":"unspecified"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"6052fd62d44ff4376b08f08025643f3113fe4ef9","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/878726/000110465923022784/0001104659-23-022784-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division"},{"label":"Petition","value":"2023-02-14"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}