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Tailored Brands' emergency loan gets court sign-off


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UPDATE: April 5, 2021: A federal bankruptcy judge approved a financing deal that injected $75 million of emergency capital into Tailored Brands and provides $3 million-plus to buy out a minority stake in the company held by unsecured creditors who received shares in the retailer s Chapter 11 reorganization. 
After attorneys for the minority shareholder group suggested the deal may have been designed to push them out, Judge Marvin Isgur said that there was zero evidence of that, according to audio of a hearing on Thursday. 
Dive Brief:
Minority shareholders of Tailored Brands are getting a chance to investigate an emergency loan deal that some say would massively shortchange them. ....

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