Vintage Wine Estates Files for Chapter 11 Bankruptcy in Delaware

Vintage Wine Estates filed for Chapter 11 bankruptcy in Delaware and said the business will pursue the sale of its assets.

• Company experienced negative financial headwinds that severely impacted its liquidity position
• Intends to enter into a debtor-in-possession financing facility with prepetition lenders in the amount of $60.5 million
• As of the petition date, had an aggregate of approximately $310 million in outstanding loans and commitments

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Zachary Fleming at zfleming2@bloomberg.net ...