Bankruptcy Partner Eric W. Sleeper Addresses the Implications to Trade Vendors of Additional Terms DIP Lenders Are Likely to Require Due to COVID-19 Repercussions in a Women’s Wear Daily Article

Bankruptcy Partner Eric W. Sleeper was called upon by Women’s Wear Daily to comment on the anticipated tightening of debtor-in-possession financing by lenders as it relates to trade vendors in an article, “DIP Lenders’ Strings May Pose Concerns for Creditors.” Especially within the COVID-19 landscape, DIP lenders may very well look for stronger terms which can create additional issues for retailers in distress such as J. Crew and Neiman Marcus. Read the article in its entirety here.