---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-131067"
form_type: "8-K"
ticker: null
cik: "0001411688"
company_name: "Container Store Group, Inc."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:33:49.040549+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Container Store files Chapter 11; prepackaged plan cancels common stock with no recovery

## Summary
- Filed Chapter 11 on Dec 22, 2024; expects to confirm plan within 35 days and emerge as private company.
- Prepackaged plan: over 90% of term loan lenders support $40M new money DIP and $45M deleveraging.
- DIP financing: $115M term loan ($40M new money + $75M conversion) and $140M ABL facility upsized by $40M.
- Existing common stock canceled without consideration; all general unsecured claims paid in full.
- Acceleration of ~$163M term loan and ~$80M revolver; enforcement stayed by bankruptcy.

## SEC filing metadata
- accession: 0001104659-24-131067
- form_type: 8-K
- cik: 0001411688
- company_name: Container Store Group, Inc.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 1.03, 2.03, 2.04, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1411688/000110465924131067/0001104659-24-131067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1411688/000110465924131067/tm2431779d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-131067
- JSON: https://secwatch.observer/filing/0001104659-24-131067.json
- Plain text: https://secwatch.observer/filing/0001104659-24-131067.txt

## Key facts
- Distress & Bankruptcy
  Container Store Group, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas, Houston Division (petition 2024-12-22).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Southern District of Texas, Houston Division
  - Petition: 2024-12-22
  source text: on December 22, 2024 (the “Petition Date”), the Debtors commenced voluntary cases (the “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas, Houston Division
  evidence_url: https://www.sec.gov/Archives/edgar/data/1411688/000110465924131067/0001104659-24-131067-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.