By  on September 4, 2019

Barneys New York won final approval on Wednesday for its debtor-in-possession package that includes the much-discussed $217 million in financing and a newly increased $40 million consignment facility. The step now leaves the retailer to its ambitious goal of securing a buyer by late October. 

U.S. Bankruptcy Judge Cecelia Morris granted final approval to the financing package, which the retailer had arranged at the last minute after its Chapter 11 filing on Aug. 6, with DIP lenders Brigade Capital Management and B. Riley Financial Inc. 

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