NEWS!!! Wet Seal (WTSLQ) Gets Nod For $25M DIP Package!!!!! Tomorrow is gonna be crazy!!! WTSLQ is going to skyrocket!!!
(February 05, 2015, 8:49 PM ET) -- A Delaware bankruptcy judge on Thursday gave the green light for women's clothier The Wet Seal Inc. to take on a $25 million debtor-in-possession loan from B. Riley Financial Inc. and enter a related agreement outlining a proposed restructuring plan.
At a hearing in Wilmington, U.S. Bankruptcy Judge Christopher S. Sontchi blessed Wet Seal's $25 million DIP on a final basis and signed off on the related plan sponsorship agreement with B. Riley.
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