Joe’s Receives Forbearance From Creditors
Joe’s Jeans Inc. has yet to come to terms with its two major lenders on last year’s default on its term loan and revolving credit facility, but it has gained some time to put its tangled affairs in order, albeit at a price.
In a filing with the Securities and Exchange Commission, the company said it had reached forbearance agreements with Garrison Loan Agency, holder of the term loan, and CIT…
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