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ARO Liquidation Inc. (fka AROPQ)
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6/15/2018 9:52:20 PM
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112 W 34th Street
New York, NY 10120
Aeropostale, Inc. operates as a mall-based specialty retailer of casual apparel and accessories for young women and men in the United States. It designs, markets, and sells active-oriented, fashion and fashion basic merchandise principally targeting 11 to 18 year-old young women and young men under its own brands. The company offers graphic t-shirts, tops, bottoms, sweaters, jeans, outerwear, and accessories. As of April 5, 2006, the company operated 683 stores, consisting of 669 Aeropostale stores and 14 Jimmy’Z stores. Aeropostale also sells its products online through its e-commerce Web site at aeropostale.com and through organized sales events at college campuses. The company was founded in 1987 and is headquartered in New York City.
Aeropostale Share Structure:
Authorized Shares 200,000,000 as of January 8th 2016
Outstanding Shares 79,994,458 as of December 02 2015
Float 78,374,327 as of December 02 2015
Bankrupt Aéropostale, Clothing Supplier Reach Settlement
AROPQ News $160mil DIP Financing, This financing, combined with Aropostale's operating cash flow, will allow the Company to meet its financial commitments and enable Aropostale to focus on completing its restructuring process,confirming a plan of reorganization and emergence from Chapter 11
Aropostale, Inc. Receives Final Approval For $160 Million In DIP Financing PR Newswire "Press Releases US - English"
NEW YORK , June 10, 2016 /PRNewswire/ --Aropostale, Inc. (OTC Pink:AROPQ), a specialty retailer of casual apparel for young women and men, today announced that the United States Bankruptcy Court for the Southern District of New York has given final approval for the Company to access $160 million in debtor in-possession ("DIP") financing provided by Crystal Financial LLC . The Court previously had given interim approval for the DIP financing agreement on May 5, 2016 . This financing, combined with Aropostale's operating cash flow, will allow the Company to meet its financial commitments and enable Aropostale to focus on completing its restructuring process,confirming a plan of reorganization and emergence from Chapter 11 during the third quarter of 2016.
"We are pleased that the Court has approved our DIP financing," said Julian Geiger , Chief Executive Officer. "We are looking forward to emerging from this process as a leaner, more efficient business and firmly believe that we will be well-positioned to compete and succeed in today's retail environment."
As announced on May 4, 2016 , Aropostale filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy code in the United States Bankruptcy Court for the Southern District of New York in an effort to optimize its store footprint, renegotiate burdensome contracts, resolve its ongoing disputes with Sycamore Partners and achieve long-term financial stability.
Additional information can be found at www.ARORestructuring.com. Suppliers and landlords may call our support center +1 (917) 877-5966 or toll-free at +1 (855) 360-2999. They also may email firstname.lastname@example.org or email@example.com.
Aropostale is advised in this transaction by Weil, Gotshal & Manges LLP , Stifel Financial Corp. and FTI Consulting.
About Aropostale, Inc.
Aropostale, Inc. is a specialty retailer of casual apparel and accessories, principally serving young women and men through its Aropostale and Aropostale Factory stores and website and 4 to 12 year-olds through its P.S. from Aropostale stores and website.The Company provides customers with a focused selection of high quality fashion and fashion basic merchandise at compelling values in an exciting and customer friendly store environment. Aropostale maintains control over its proprietary brands by designing, sourcing, marketing and selling all of its own merchandise.As of May 1, 2016 the Company operated 739 Aropostale stores in 50 states andPuerto Rico, 41 Aropostale stores inCanadaand 25 P.S. from Aropostale stores in 12 states. In addition, pursuant to various licensing agreements, the Company's licensees currently operate 322 Aropostale and P.S. from Aropostale locations in theMiddle East,Asia,Europe, and Latin America. SinceNovember 2012, Aropostale, Inc. has operated GoJane.com, an online women's fashion footwear and apparel retailer.
Media Contact: Rachel Rosenblatt , FTI Consulting (212) 850-5697 orRachel.Rosenblatt@FTIConsulting.com
Investor Contact: Effie Veres,FTI Consulting (212) 850-5600 or Effie.Veres@FTIConsulting.com
To view the original version on PR Newswire, visit:
SOURCE Aeropostale, Inc.
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06/15/18 09:52:19 PM
They were so far in the hole that
04/29/18 11:53:20 AM
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I realize this company is in bankruptcy with
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AROPQ FINRA Deleted Symbol
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ONLY 54 MILLION IN DEBT:
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You Are Probably Correct, Just saying superstition, SEC
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I think you are missing a critical point.
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And this is why I didn't sell on superstition:
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Love the use of your name!
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