Rue21 Inc. and its lenders are in negotiations surrounding the teen apparel retailer’s likely bankruptcy filing, according to people familiar with the matter. The retailer, which has been in search of a junior bankruptcy loan since mid-April, is in talks with its term-loan lenders to fund this debtor-in-possession facility, the people added. While the retailer has been trying to raise a junior loan in the ballpark of $50 million,...

Source: Wall Street Journal May 01, 2017 22:52 UTC