“Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital”

September 18, 2024

“…Big Lots Inc. has secured commitments for $707.5 million of financing, including $35 million in new financing from some of its current lenders. Once approved by the court, the financing, along with cash from its ongoing operations, is expected to provide sufficient liquidity to support the company while it works to complete the sale…”