YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Tom Shoes LLC is getting new owners in an out-of-court debt restructuring deal.
A group of creditors led by Jefferies Financial Group, Nexus Capital Management and Brookfield Asset Management is taking over ownership from founder Blake Mycoskie and private equity firm Bain Capital.
The deal includes the restructuring of $300 million in debt. The group of creditors also plans to invest $35 million into the slip-on footwear business.
Read more from The Wall Street Journal.
A Missouri State University program that brings together graduate students and local employers is growing after an extended pilot launch.