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Tailored Brands Inc (TLRD.N)

TLRD.N on New York Stock Exchange

0.30USD
31 Jul 2020
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Latest Key Developments (Source: Significant Developments)

Tailored Brands Says Successfully Completes Financial Restructuring
Wednesday, 2 Dec 2020 

Dec 1 (Reuters) - Tailored Brands Inc ::TAILORED BRANDS SUCCESSFULLY COMPLETES FINANCIAL RESTRUCTURING.TAILORED BRANDS INC - COMPANY EMERGES FROM CHAPTER 11 AND ELIMINATES $686 MILLION OF EXISTING DEBT.TAILORED BRANDS INC - EXPECTS THAT THIS EXIT FINANCING WILL SUPPORT ONGOING OPERATIONS AND ENABLE COMPANY TO EXECUTE ON ITS STRATEGIC INITIATIVES.TAILORED BRANDS- NOW OPERATES WITH CAPITAL STRUCTURE OF $430 MILLION ABL FACILITY, $365 MILLION EXIT TERM LOAN & $75 MILLION OF CASH FROM NEW DEBT FACILITY.  Full Article

Tailored Brands Entered Into A Restructuring Support Agreement With More Than 75% Of Its Senior Lenders
Monday, 3 Aug 2020 

Aug 2 (Reuters) - Tailored Brands Inc ::TAILORED BRANDS EXECUTES RESTRUCTURING AGREEMENT TO STRENGTHEN FINANCIAL POSITION.RESTRUCTURING SUPPORT AGREEMENT SUPPORTED BY MORE THAN 75% OF SENIOR LENDERS.MEN'S WEARHOUSE, JOS. A. BANK, MOORES CLOTHING FOR MEN AND K&G FASHION SUPERSTORE CONTINUING TO SERVE CUSTOMERS.CONTINUING TO EXECUTE AGAINST PREVIOUSLY ANNOUNCED PLANS TO REDUCE HEADCOUNT AND REALIGN STORE FOOTPRINT.RESTRUCTURING SUPPORTED BY $500 MILLION IN DIP ABL FINANCING FROM EXISTING LENDERS.EXPECTED TO CONVERT TO $400 MILLION IN EXIT ABL FINANCING TO SUPPORT EMERGENCE FROM CHAPTER 11.ENTERED INTO A RESTRUCTURING SUPPORT AGREEMENT ("RSA") WITH MORE THAN 75% OF ITS SENIOR LENDERS.RSA OUTLINES AGREED-UPON TERMS FOR A PRE-ARRANGED FINANCIAL RESTRUCTURING PLAN.PRE-ARRANGED FINANCIAL RESTRUCTURING PLAN EXPECTED TO REDUCE COMPANY'S FUNDED DEBT BY AT LEAST $630 MILLION.HAS FILED CUSTOMARY MOTIONS WITH COURT INTENDED TO ALLOW COMPANY TO OPERATE IN ORDINARY COURSE.  Full Article

Tailored Brands Files For Chapter 11 Bankruptcy - Court Filing
Monday, 3 Aug 2020 

Aug 2 (Reuters) - :TAILORED BRANDS INC FILES FOR CHAPTER 11 BANKRUPTCY IN U.S. BANKRUPTCY COURT FOR SOUTHERN DISTRICT OF TEXAS - COURT FILING.TAILORED BRANDS INC LISTS ASSETS AND LIABILITIES BOTH IN THE REANGE OF $1 BILLION TO $10 BILLION IN BANKRUPTCY FILING - COURT FILING.  Full Article

Tailored Brands Inc Reports Q1 Results
Thursday, 13 Jun 2019 

June 12 (Reuters) - Tailored Brands Inc ::TAILORED BRANDS, INC. REPORTS FISCAL 2019 FIRST QUARTER RESULTS.SEES Q2 2019 ADJUSTED EARNINGS PER SHARE $0.65 TO $0.70.Q1 ADJUSTED EARNINGS PER SHARE $0.21.Q1 GAAP EARNINGS PER SHARE $0.14.Q1 SALES FELL 4.5 PERCENT TO $781.4 MILLION."MADE GOOD PROGRESS IN Q1 AGAINST OUR STRATEGIC INITIATIVES".INVENTORIES INCREASED 3.6%, TO $874.4 MILLION AT END OF Q1 OF 2019.  Full Article

Tailored Brands Appoints Dinesh Lathi As CEO
Friday, 29 Mar 2019 

March 28 (Reuters) - Tailored Brands Inc ::TAILORED BRANDS APPOINTS DINESH LATHI AS PRESIDENT AND CEO AND THEO KILLION AS CHAIRMAN OF THE BOARD.TAILORED BRANDS INC - DINESH LATHI APPOINTED PRESIDENT AND CEO AND THEO KILLION HAS BEEN APPOINTED CHAIRMAN BOTH EFFECTIVE IMMEDIATELY..  Full Article

Tailored Brands Posts Q4 Earnings Per Share of $0.12
Thursday, 14 Mar 2019 

March 13 (Reuters) - Tailored Brands Inc ::TAILORED BRANDS, INC. REPORTS FISCAL 2018 FOURTH QUARTER AND YEAR END RESULTS.Q4 ADJUSTED LOSS PER SHARE $0.28.Q4 EARNINGS PER SHARE $0.12.Q4 EARNINGS PER SHARE ESTIMATE $-0.29 -- REFINITIV IBES DATA.SEES Q1 2019 ADJUSTED EARNINGS PER SHARE $0.10 TO $0.15.QTRLY TOTAL NET SALES DECREASED 8.6% TO $785.8 MILLION.QTRLY RETAIL COMP SALES DECREASED 1.5 PERCENT.QTRLY MEN’S WEARHOUSE COMPARABLE SALES DECREASED 3.2%.QTRLY JOS. A. BANK COMPARABLE SALES DECREASED 0.5%.QTRLY K&G COMPARABLE SALES INCREASED 0.9%.QTRLY MOORES COMPARABLE SALES INCREASED 2.8%.Q4 REVENUE VIEW $801.2 MILLION -- REFINITIV IBES DATA.  Full Article

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Tailored Brands files for bankruptcy as pandemic hammers sales

Men's Wearhouse owner Tailored Brands filed for bankruptcy on Sunday, adding to a list of brick-and-mortar retailers that have succumbed to the economic fallout from the COVID-19 crisis.

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