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David's Bridal misses debt payment

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Wedding retailer David's Bridal reportedly missed an interest payment on $270 million in unsecured notes.

The missed payment could set the stage for a bankruptcy filing, USA Today reports.

Mathew Christy, an S&P Global Ratings analyst who tracks the retailer, said there's a "very high likelihood" of bankruptcy or a consensual debt restructuring for David's Bridal.

Read more from USA Today.

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