Bankrupt David’s Bridal Closes Sale to CION Investment

David’s Bridal will continue operations at up to 195 stores through its transaction with CION Investment Corporation.

• Sale of substantially all David’s Bridal assets to CION has closed
• CION has invested $20 million into the new business and has assumed certain bankruptcy-related liabilities
• Bank of America to continue to provide financing through a $50 million revolving credit facility and a $20 million term loan facility
• BRG is financial and restructuring adviser
• NOTE: From 7/11, Bankrupt David’s Bridal Set to Be Sold to Investment Firm CION

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