Tuesday Morning cleared to use cash collateral through June 17

By Sarah Lizee

Olympia, Wash., May 30 – Tuesday Morning, Inc. has entered into a stipulation with lenders and the official committee of unsecured creditors that authorizes it to use cash collateral through June 17, according to an order filed Tuesday with the U.S. Bankruptcy Court for the Northern District of Texas, according to an order.

The lenders are first in, last out C lenders TASCR Ventures, CA, LLC, TASCR Ventures, LLC and TM21, LLC, term lenders Tensile Capital Management LP, CEOF Holdings LP, and Corbin Opportunity Fund, LP, debtor-in-possession agent Cantor Fitzgerald Securities, and Invictus Global Management, LLC.

Tuesday Morning is a discount off-price retailer based in Dallas. The company began its second Chapter 11 bankruptcy case on Feb. 14 under case number 23-90001. The previous case started on May 27, 2020 under case number 20-31476. The company exited that round of bankruptcy on Dec. 31, 2020.

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