Source: Harry & David

Harry & David Holdings, Inc., a leading multi-channel specialty retailer and producer of branded premium gift-quality fruit, gourmet food products and other gifts marketed under the Harry & David, Wolferman's and Cushman's brands, announced that it has filed for bankruptcy. The company received approval from the U.S. Bankruptcy Court for the District of Delaware for the company's "first day" motions that are designed to enable the company to continue to operate in the normal course of business without interruption.

Among the first day motions granted, Harry & David received interim approval to access its $100 million first-lien debtor-in-possession (DIP) revolving credit facility provided by the company's secured lenders, and a $55 million second-lien DIP term loan provided by holders of the company's senior notes. 

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