True Value Hammers Out Deal To Fund Ch. 11, Speed Up Sale

By Ben Zigterman · October 31, 2024, 6:16 PM EDT

After days of negotiating, bankrupt hardware store supplier True Value Thursday reached a deal with its lenders to avoid liquidation, fund its reorganization and move up a Chapter 11 sale, with...

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Bankruptcy Scorecard

Summary

A 75-year old hardware retailer and brand, True Value, filed for bankruptcy in Delaware with a $153 million stalking horse offer for its assets.

Case Number

24-bk-12337

Judge

Karen Owens

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$500 million to $1 billion

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Related Sections

Case Information

Case Title

True Value Company, L.L.C.

Case Number

1:24-bk-12337

Court

Delaware

Nature of Suit

Date Filed

October 14, 2024

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