The Container Store files for bankruptcy

The company, with $230 million in debt and $12 million in cash, will receive $40 million in new financing due to its bankruptcy filing. This move aims to improve its financial health, support growth, and enhance profitability. The store's 102 locations and website will remain operational during the process. After completing Chapter 11, the company plans to become private.

What is the current debt level of the 46-year-old company?

• $50 million

• $230 million

• $100 million

• $300 million

How much cash does the company have on hand?

• $5 million

• $12 million

• $15 million

• $20 million

What amount of new financing will the company receive?

• $40 million

• $25 million

• $10 million

• $60 million

What is the purpose of the bankruptcy protection for the company?

• To enhance financial position and growth

• To close down stores

• To sell the company

• To lay off employees

What will happen to the company's operations during the bankruptcy process?

• All stores will close

• Operations will halt temporarily

• Stores and website will remain open

• Only online sales will continue