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29

Aeropostale Lender Sycamore Joins Bidding for Bankrupt Retailer

By Tony Seruga

Chain borrowed $150 million from private equity firm in 2014
Judge rejects claims Sycamore plotted to bankrupt company

Aeropostale Inc. opened a bankruptcy auction Monday with senior lender Sycamore Partners joining the bidding, days after the teen-clothing chain lost a court fight to keep the private equity firm away from the table.

The retailer borrowed about $150 million from affiliates of Sycamore in 2014 as it tried to reorganize. Two years later, the company filed for bankruptcy in Manhattan, claiming Sycamore was partly to blame for its downfall…

Aeropostale Lender Sycamore Joins Bidding for Bankrupt Retailer

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