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True Religion Comes Back From Chapter 11 Bankruptcy

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True Religion

True Religion rebounds from Chapter 11 Bankruptcy following negotiations with key stakeholders this month, after having filed for bankruptcy earlier this year.

The company’s reorganization plan gives the California-based denim brand the ability to deleverage its balance sheet, reducing loans from $471 million down to $113.5 million after working to extend its principal debt to 2022. The company will in turn reduce debt each year, allowing for more investments and growth.

Read more on Rivet.

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