Claire’s Gets Waiver Amid Advanced Talks to Push Debt Swap

Updated on
  • Lender gives a break on covenant in European credit line
  • Consents needed to get cash and proceed with bond exchange

Claire’s Stores Inc., the retailer owned by Apollo Global Management LLC, said it’s now in “advanced discussions” with a key lender about allowing its stalled recovery plan to proceed after missing a debt payment.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.