Stock+Field secures final court approval to access cash collateral

By Sarah Lizee

Olympia, Wash., Feb. 11 – Tea Olive I, LLC, which does business as Stock+Field, received final court approval to access the cash collateral of its pre-petition lenders and administrative agent Second Avenue Capital Partners, LLC, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Minnesota.

The company said it needs access to cash collateral to continue the store closing sales in order to maximize the value of its assets for the benefit of the estate and its stakeholders.

Stock+Field is a premier farm, home and outdoor retailer operating 25 stores across Illinois, Indiana, Ohio, Michigan, and Wisconsin. The company filed Chapter 11 bankruptcy on Jan. 10 under case number 21-30037.

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