(Reuters) – Amazon aggregator Thrasio Holdings filed for Chapter 11 bankruptcy protection and received commitments for $90 million in new financing from existing shareholders, it said on Wednesday.
Thrasio also entered into a restructuring agreement with some of its lenders to reduce debt of $495 million from its existing debt pile, it said in a statement.
It listed its estimated assets in the range of $1 billion to $10 billion and estimated liabilities of $500 million to $1 billion, according to a document filed with the New Jersey bankruptcy court.
Thrasio, which acquires third-party sellers on Amazon, said it will continue to operate its business normally and without interruption throughout the bankruptcy process.
(Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Sonia Cheema)
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