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Vroom Shares Are Trading Lower After the Company Reported Q3 Financial Results. Also, the Company Filed for Voluntary Chapter 11.
Vroom Files for Bankruptcy Amidst Restructuring Efforts
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Express News | Vroom: Subsidiaries Not Expected to Commence Chapter 11
Express News | Vroom Inc: Commences Voluntary Chapter 11 Proceeding
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Vroom | 10-Q: Q3 2024 Earnings Report
USA autos finance company vroom is considering filing for bankruptcy and reorganization.
U.S. auto financing provider vroom announced on Tuesday that it plans to apply for pre-packaged restructuring under Chapter 11 of the U.S. Bankruptcy Code. The company stated that it has reached a restructuring support agreement with its creditors and its largest shareholder. Under the plan, vroom's $0.29 billion unsecured convertible senior notes due in 2026 will be restructured into equity. CEO Tom Shortt said, "We believe that eliminating the unsecured notes will significantly strengthen our balance sheet, enabling us to emerge from bankruptcy without any long-term debt." The company
Vroom GAAP EPS of -$20.88, Revenue of $45.59M
Car Financing Firm Vroom Plans to File Chapter 11 to Revamp Debt
Vroom: Q3 Earnings Snapshot
Vroom To Restructure $290M Of Unsecured Convertible Notes Into Equity
Express News | Vroom Inc - Anticipates Emerging Promptly From Prepackaged Chapter 11 Case at End of 2024 or Early 2025
Express News | Vroom-to Pursue Transaction to Restructure Co's Outstanding Funded Debt, of About $290 Mln of Unsecured Convertible Senior Notes Due in 2026
Express News | Vroom Shares Are Trading Lower. The Company Reported Q3 Financial Results
Vroom Announces Bankruptcy Filing
Vroom Trading Resumes
Vroom Announces Decision to Enter a RSA With Holders of Its Debt