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BRIEF-Rue21 files chapter 11 reorganization with creditor support and new capital

May 15 Rue21 Inc -

* Rue21 to reduce debt and focus on best peforming stores through chapter 11 reorganization with creditor support and new capital

* Rue21 -filed voluntary petition for reorganization under chapter 11 of bankruptcy code in bankruptcy court for western district of pennsylvania

* Rue21 -expects to continue normal business operations in ordinary course throughout this process

* Rue21 -has entered into agreements with certain of lenders to reduce company's debt and provide additional capital in support of its restructuring

* Rue21 inc -reached agreements to obtain up to $125 million abl debtor-in-possession financing from existing abl lenders and up to $50 million new money term loan debtor-in-possession financing Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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