Fri 03/10/2023 08:13 AM
The Loyalty Ventures debtors have just filed the first day declaration of CEO Charles Horn in support of their chapter 11 petitions and first day relief. According to Horn, in connection with the debtors' Canadian CCAA proceeding, "LoyaltyOne will run a sale process for the AIR MILES Business anchored by a stalking horse bid submitted by an affiliate of Bank of Montreal," and "[t]he Company has entered into a purchase agreement concerning the sale of the...
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