On February 28, 2024, Thrasio entered into an agreement – known as a Restructuring Support Agreement (“RSA”) – with our financial stakeholders on the terms of a comprehensive financial restructuring plan. To implement the terms of the Restructuring Support Agreement, we have initiated a pre-arranged court-supervised bankruptcy process in the U.S. Bankruptcy Court for the District of New Jersey.
Thrasio is one of the largest third-party sellers on the Amazon marketplace. With a strengthened balance sheet and new capital, we will be better equipped to support our brands, scale our infrastructure and enable future opportunities.
We are confident restructuring our debt is the best solution to move the business forward, become cash flow positive, and give us the foundation we need as we continue our journey.
We expect to emerge from the court supervised process on an expedited basis.
Court filings and other information related to the proceedings are available on a separate website administrated by the Company’s claims agent, KCC:
https://www.kccllc.net/Thrasio
Toll-free: (866) 967-0496
Calls originating outside of the U.S. or Canada: (310) 751-2696
Michael Freitag / Jed Repko / Kara Sperry
Joele Frank, Wilkinson Brimmer Katcher
+1-212-355-4449