Juul Moves to Enter Financing Talks for Potential Bankruptcy
Pods for Juul Labs Inc. e-cigarettes.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Juul Labs Inc. is beginning talks regarding funding for a potential Chapter 11 bankruptcy, according to people with knowledge of the preparations.
The e-cigarette manufacturer has engaged in informal talks regarding so-called debtor-in-possession financing, said the people, asking not to be named discussing private information. Formal discussions with potential lenders are expected to progress in the coming days, one of them said.