Forever 21, Inc. – Down to Their Last $20mn, Debtors Get $60mn New Money DIP Financing Lifeline Critical to Purchase of Pre-Holiday Inventory

October 2, 2019 – The Court hearing the Forever 21 cases issued an interim order authorizing the Debtors to access $350.0mn in debtor-in-possession ("DIP") financing and use cash collateral. The DIP financing is comprised of (i) a $275.0mn senior secured superpriority ABL revolving credit facility provided by the Debtors' pre-petition ABL lenders (and being used…