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$Big Lots (BIG.US)$ Nexus provides financing covers all loans - cash in hand - tax benefit if writing off everything. Haven’t seen price, but don’t try to buy if trading resumes. It is possible a bid to wipe out equity.
Typically such play includes senior equity investment + loans. Anyway senior than us. Nexus might charge a interest of 10% a year higher than market. Which is enough to wipe out equity unless some big player jumps in quickly. Possible an intentiona...

$Big Lots (BIG.US)$
BIG LOTS, INC. ENTERS INTO SALE AGREEMENT WITH NEXUS CAPITAL MANAGEMENT LP
Big Lots, Inc. (NYSE: BIG) has entered into a sale agreement with Nexus Capital Management LP to acquire its assets and operations. The company has initiated voluntary Chapter 11 proceedings to facilitate the transaction and restructuring initiatives. Big Lots secured $707.5 million in financing, including $35 million in new financing, to support operations during the process. The company plans to o...

$Big Lots (BIG.US)$
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