Linens 'n Things vendors form committee to discuss restructuring, product supply

By Caroline Salls

Pittsburgh, April 18 - Linens Holding Co., known as Linens 'n Things, said an informal committee of a substantial portion of its major merchandise vendors has been formed at the company's request, and Linens and the committee are in talks regarding the uninterrupted supply of products and the restructuring of the company's capital structure.

"Together with our financial advisors, we are working closely with our major constituencies, including the recently formed ad hoc committee of noteholders and now the merchandise vendors, to determine the best path forward for LNT," Linens chairman and chief executive officer Robert J. DiNicola said in a company news release.

"With everyone's cooperation, we can ensure that normal business operations continue. At the same time, we are evaluating our options and exploring several alternatives in our efforts to recapitalize the company."

Linens 'n Things is a Clifton, N.J., home furnishings specialty retailer.

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