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Spandex Maker Lycra Files for Bankruptcy After Years of Stress

The company has been hampered with disruptions to supply chains, elevated inflation, growing competition from low-cost manufacturers and trade tariffs.
Maidenform in partnership with The Lycra Company | Source: The Lycra Company
Lycra’s debt structure ahead of the Chapter 11 process included $214 million of super senior term loans. (The Lycra Company)

Spandex maker The Lycra Company has filed for Chapter 11 bankruptcy in Texas to implement a restructuring deal that will see most of its debt written off after creditors took control of the business.

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