Deals
Sports Authority Skips Interest Payment Amid Creditor Talks
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Sports Authority Inc. skipped a $20 million interest payment on its bonds due on Friday as the retailer continued talks with creditors about how to restructure debt.
The move follows several months of deliberations with Sports Authority’s financial adviser, Rothschild & Co., the company said in an e-mailed statement. It also has held discussions with senior lenders about ways to strengthen the retailer’s balance sheet, Sports Authority said.