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T R O U B L E D C O M P A N Y R E P O R T E R
Saturday, October 12, 2024, Vol. 28, No. 285
Headlines
DELTA APPAREL: Net Loss in August Narrows to $3.5 Million
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DELTA APPAREL: Net Loss in August Narrows to $3.5 Million
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Delta Apparel, Inc. filed with the U.S. Securities and Exchange
Commission its monthly operating report for August.
The Debtor's statement of operations reflected a net loss of $3.5
million in August, compared to a net loss of $5.1 million for the
prior month.
As of August 31, 2024, the Debtor listed $290.9 million in total
assets, $267.9 million in total liabilities, and $23 million in
total shareholders' equity.
The Debtor started the month with $1,075 cash. It listed $2.7
million in total receipts and $2.7 million in total disbursements.
At month end, the Debtor had $1,075 cash.
A copy of the monthly operating report is available at the SEC at:
https://tinyurl.com/32k95c2z
About Delta Apparel
Headquartered in Duluth, Georgia, Delta Apparel, Inc. --
https://www.deltaapparelinc.com -- is a vertically integrated,
international apparel company with approximately 6,800 employees
worldwide. The Company designs, manufactures, sources, and markets
a diverse portfolio of core activewear and lifestyle apparel
products under its primary brands of Salt Life, Soffe, and Delta.
The Company specializes in selling casual and athletic products
through a variety of distribution channels and tiers, including
outdoor and sporting goods retailers, independent and specialty
stores, better department stores and mid-tier retailers, mass
merchants, eRetailers, the U.S. military, and through its
business-to-business digital platform.
Delta Apparel sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. Del. Case No. 24-11469) on June 30, 2024. In the
petition signed by J. Tim Pruban, as chief restructuring officer,
the Debtor reports estimated assets and liabilities between $100
million and $500 million each.
The Debtor is represented by Christopher A. Ward, Esq., at
Polsinelli PC.
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Monday's edition of the TCR delivers a list of indicative prices
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obtained by TCR editors from a variety of outside sources during
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liabilities delivered to nation's bankruptcy courts. The list
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then-ending.
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S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.
Copyright 2024. All rights reserved. ISSN: 1520-9474.
This material is copyrighted and any commercial use, resale or
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Chapman at 215-945-7000.
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