Vroom, Once an Automotive Darling, Files for Bankruptcy
The financing and analytics company, no longer in the used-car selling business, plans a debt-for-equity swap backed by Mudrick Capital Management.
Vroom files for Chapter 11 bankruptcy protection
Auto financing firm Vroom (NASDAQ:VRM) filed for Chapter 11 bankruptcy protection on Wednesday in a Texas court as the cash-strapped company attempts to restructure more than $300M in debt. The bankruptcy comes in the wake of Vroom’s (VRM) agreement with creditors to enter a Restructuring Support Agreement that would convert $290M of unsecured
Car Financing Firm Vroom Files for Chapter 11 in Texas
Automotive financing provider Vroom, Inc., which entered a restructuring support agreement with creditors and its largest stockholder, has filed for bankruptcy.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesNo Water by Year-End for This Zimbabwean City of 700,
Vroom Files for Bankruptcy Amidst Restructuring Efforts
An update from Vroom ( (VRM) ) is now available. Vroom, Inc. has filed for a Prepackaged Chapter 11 bankruptcy in the Southern District of
Vroom Announces Bankruptcy Filing
Vroom, whose operations include automotive finance, intends to file a number of customary motions with the bankruptcy court that will allow the continuation of normal business operations. Write to Josh Beckerman at [email protected]
Vroom to repackage debt ahead of bankruptcy filing
Vroom is restructuring its debt as it prepares to file for bankruptcy protection on the heels of winding down its e-commerce business in January.
Houston online car dealer Vroom files for Ch. 11 bankruptcy, plans to restructure debt
A Houston-based online car dealer filed for bankruptcy to restructure its debt — months after the company shuttered some of ...
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Vroom Stock Plunges On Bankruptcy Plans, But Retail’s Bullish
Shares of automotive lender Vroom Inc. ($VRM) tumbled more than 21% (1:05 p.m. ET) on Wednesday after the company said it ...
Vroom Announces Equity-for-Debt Recapitalization
Vroom, Inc. (Nasdaq: VRM), a leading automotive finance company and an AI-powered analytics and digital services platform for ...
Vroom announces decision to enter a RSA with holders of its debt
Vroom (VRM) announced that it has made the strategic decision to enter into a Restructuring Support Agreement, RSA, with holders of an ...
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Vroom Down 37% on Bankruptcy Announcement
Vroom shares were down 37% to $5.58 after hours as the company said it would file for bankruptcy. Vroom owns indirect automotive lender United Auto Credit and analytics and digital services ...
Vroom: Q3 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Vroom, Inc. (VRM) on Tuesday reported a loss of $39.7 million in its third quarter. The Houston-based company said it had a loss of $21.99 per share. Losses, adjusted to ...
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Vroom to restructure $290M of unsecured convertible notes into equity
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on VRM: Vroom NewsMORE ...
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