Company management consulted with direct lenders about a potential new asset-based credit line, according to people with knowledge of the talks who asked not to be named because the talks are private. The company had about $108 million in cash and equivalents at the end of May, down from $1.1 billion a year earlier.
The retailer’s talks with private credit providers are preliminary and it is still weighing other options, the people said.
A representative for the ...