Schutt Sports Details Cash Flow Projections in Court Filing

Schutt Sports, which filed for Chapter 11 protection on Sept. 6, expects to have a cash flow of $10.7 million for the 10 weeks ended Nov. 12, according to documents filed in U.S. Bankruptcy Court in Delaware. The projections were filed as part of a request for final debtor-in-possession financing.

That total would exceed the company’s projected operating costs of $10.1 million in the 10-week period. Bankruptcy-related costs are expected to reach $3.2 million in the period. Revenues were $7.6 million in the period. Cash receipts totaled $24.1 million in the period.

About The Author

Schutt Sports Details Cash Flow Projections in Court Filing

Schutt Sports, which filed for Chapter 11 Protection on Sept.
6, expects to have a cash flow of $10.7 million for the 10 weeks ended Nov.12,
according to documents filed in U.S. Bankruptcy Court in Delaware. The
projections were filed as part of a request for final debtor-in-possession
financing.

That total would exceed the company’s projected operating
costs were $10.1
million in the 10-week period. Bankruptcy-related costs are expected to reach $3.2
million in the period. Revenues were $7.6 million in the period. Cash receipts
totaled $24.1 million in the period.

About The Author

Thomas J. Ryan

Thomas J. Ryan Senior Business Editor | SGB Media tryan@sgbonline.com | 917.375.4699

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