A shopper at a Sports Authority store in Niles, Illinois.(Photo: TIM BOYLE | GETTY IMAGES)
DENVER BUSINESS JOURNAL - Colorado-based sporting-goods retailer Sports Authority Inc.
is getting ready to file for Chapter 11 bankruptcy protection ahead of a looming debt-interest payment, according to a national news report.
Bloomberg News cites unnamed "people with knowledge of the matter" in its report Thursday.
The Englewood-based chain had no comment on Bloomberg's report, which also says Sports Authority could close up to 200 of its 450 stores under a reorganization plan.
The company faces a deadline in 10 days to pay $20 million in interest on a $343 million loan that matures in 2018. It earlier had skipped the payment.
Read more at the Denver Business Journal: http://bit.ly/20uNgTM
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