A Sidley team is representing Conn’s Inc. (NASDAQ: CONN), an American furniture, electronics, and appliance retailer in its Chapter 11 case in the U.S. Bankruptcy Court for the Southern District of Texas. Conn’s, headquartered in The Woodlands, Texas, began operations over a century ago, most recently across 15 states with over 550 retail locations.
In its filing on July 23, 2024, Conn’s listed over US$1.1 billion of total funded recourse debt, trade debt, and non-recourse securitized obligations owed by non-debtor SPV subsidiaries and serviced by the company. On July 24, the Court granted all 16 motions that Sidley filed on behalf of Conn’s and approved a US$25 million DIP financing package on an interim basis, to help Conn’s fund its Chapter 11 case. After a hearing on September 4th, all motions and the full financing package were approved by the court on a final basis. Articles discussing the case have been published by media outlets such as The Wall Street Journal, CNN, Fox Business, The Financial Times, USA Today, The Texas Lawbook, Law360, Furniture Today, and Market Screener. The Sidley bankruptcy team is led by Duston McFaul, Bill Curtin, Jackson Garvey, Jeri Leigh Miller, Maegan Quejada, and Michael Sabino.
