Alex and Ani LLC will keep stores open after a bankruptcy judge approved its plan to turn the jewelry retailer over to its secured creditors in a debt-for-equity swap.
The plan, approved at a hearing Wednesday, had unanimous support among holders of company equity and funded debt, Alex and Ani said in court filings.
No one objected to an order confirming the plan.
Bank of America NA and Wilmington Trust NA are serving as administrators for syndicates of different lenders slated to take over the jewelry retailer. Those lenders include Lion Capital LLP and Alex and Ani Pledge Co., ...
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