LL Flooring Mulls Bankruptcy Filing as Home Renovations Slow [BNN Bloomberg (Canada)]
LL Flooring Holdings, Inc. (LL)
Last ll flooring holdings, inc. earnings: 2/25 06:00 am
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US:NYSE Investor Relations:
investors.lumberliquidators.com
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Source: BNN Bloomberg
The flooring retailer, formerly known as Lumber Liquidators, has struggled as higher interest rates curtail home renovation activity. Filing for bankruptcy could help it cope with dwindling access to cash and slumping sales. LL Flooring may seek protection from creditors in the coming weeks, a person with knowledge of the matter said. The plans aren't final and could change. LL Flooring shares fell as much as 31% to about 92 cents after Bloomberg reported the potential bankruptcy filing. Company adviser Houlihan Lokey Inc. has been reaching out to potential investors about a deal to inject fresh capital into the company, Bloomberg previously reported. LL Flooring has been trying to sell a distribution center in Virginia in order to bolster its cash reserves, regulatory filings show. The company said last week it may violate a minimum liquidity rule under its asset-backed credit agreement as soon as the third quarter. LL Flooring is talking with its banks about modifying the c
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LL
News
- Distressed home improvement retailer plans Chapter 11 bankruptcy [TheStreet.com]TheStreet.com
- LL Flooring sinks amid report it's considering bankruptcy filing [Seeking Alpha]Seeking Alpha
- LL Flooring's Board Reminds Shareholders to Vote the Universal WHITE Proxy Card "FOR" ONLY LL Flooring's Three Highly Qualified Director Nominees in Advance of Annual Meeting of Stockholders [Yahoo! Finance]Yahoo! Finance
- LL Flooring’s Board Reminds Shareholders to Vote the Universal WHITE Proxy Card “FOR” ONLY LL Flooring’s Three Highly Qualified Director Nominees in Advance of Annual Meeting of StockholdersBusiness Wire
- Leading Independent Proxy Advisory Firm Glass Lewis Recommends LL Flooring Shareholders Vote "FOR" All Three F9 Nominees Thomas D. Sullivan, Jason Delves, and Jill Witter [Yahoo! Finance]Yahoo! Finance
LL
Sec Filings
- 7/3/24 - Form DEFA14A
- 7/1/24 - Form DFAN14A
- 6/28/24 - Form DFAN14A
- LL's page on the SEC website