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Posted: 1/22/2002 6:08:09 AM EDT
NEW YORK (CNN/Money) - Kmart Corp. filed Tuesday for Chapter 11 bankruptcy protection after the No. 3 U.S. retailer struggled to make payments to its vendors and creditors. [url]http://money.cnn.com/2002/01/22/companies/kmart/index.htm[/url]
Link Posted: 1/22/2002 6:38:39 AM EDT
One last blue light special [beer]
Link Posted: 1/22/2002 6:39:54 AM EDT
Link Posted: 1/22/2002 6:49:42 AM EDT
Originally Posted By CockedandLocked: on another note .... it is reported that they have secured a 2 billion dollar line of credit. no link just a news report. anyone got a link for verification ?
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From the link above: "K-Mart(snip), said it had secured $2 billion in debtor financing and expected to emerge from bankruptcy in about a year."
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