Careismatic Gets OK For Ch. 11 Plan With Debt Equity Swap

By Ben Zigterman · May 30, 2024, 8:02 PM EDT

A New Jersey bankruptcy judge said Thursday he would confirm medical scrubs distributor Careismatic Brands LLC's Chapter 11 plan, which includes a debt-equity swap aimed at wiping out all $782 million...

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Bankruptcy Scorecard

Summary

Global medical scrubs distributor Careismatic Brands LLC and 21 affiliates filed for Chapter 11 bankruptcy protection in New Jersey with a prearranged restructuring plan after business normalized last year following an earlier surge in COVID-19-related revenues.

Case Number

24-10561

Judge

Vincent F. Papalia

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

As much as $10 billion

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Related Sections

Case Information

Case Title

Careismatic Brands, LLC

Case Number

2:24-bk-10561

Court

New Jersey

Nature of Suit

Date Filed

January 22, 2024

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