Bombay Files For Chapter 11 Protection
(InvesTrend Via Thomson Dialog NewsEdge)
September 20, 2007 (FinancialWire) The Bombay Co., Inc. (OTCBB: BBAO)
has filed voluntary petitions for reorganization under Chapter 11 of
the U.S. Bankruptcy Code for itself and its U.S. subsidiaries.
The company said it has secured a commitment for a $115 million
debtor-in-possession financing facility from General Electric Capital
Corp. (NYSE: GE) and GE Canada Finance Holding Company.
The filing, which was made in U.S. Bankruptcy Court for the Northern
District of Texas, Fort Worth Division, is said by Bombay to be part of
the company's efforts to address financial challenges and identify a
strategic or financial investor. Bombay's Canadian operations also will
be seeking protection under the Companies' Creditors Arrangement Act in
Bombay said it intends to conduct business as usual through its retail
stores and websites and honor its customer service policies, pay
"post-petition" vendors, suppliers and other business partners and
continue to pay employees' wages and salaries.
Fort Worth, Texas-based Bombay designs, sources and markets a line of
home accessories, wall decor and furniture through 384 retail outlets
and the Internet in the U.S. and internationally.
For up-to-the-minute news, features and links click on
FinancialWire is an independent, proprietary news service of Investrend
Information, a division of Investrend Communications, Inc. It is not a
press release service and receives no compensation from any company for
its news or opinions. Other divisions of Investrend, however, provide
shareholder empowerment platforms such as forums, independent research
and webcasting. For more information or to receive the FirstAlert daily
summary of news, commentary, research reports, webcasts, events and
conference calls, click on http://www.investrend.com/contact.asp
For a free annual report on a company mentioned in the news, please
click on http://investrend.ar.wilink.com/?level=279
To become an investor monitor of independent research for a company in
which you are invested, go to the not-for-profit Shareholders Research
Alliance, Inc. website by clicking on
The FinancialWire NewsFeed is now available in multiple formats to your
site or desktop, free. Click on:
(Distributed for Investrend Communications, Inc. via M2 Communications
Copyright 2007 M2 Communications Ltd.
[ Back To WebRTC Solutions's Homepage ]