Sept 29 (Reuters) - FOREVER 21, INC:
* TO IMPLEMENT GLOBAL RESTRUCTURING TO FOCUS ON PROFITABLE FOOTPRINT
* FOREVER 21, INC - COMPANY OBTAINS $350 MILLION IN FINANCING TO FACILITATE RESTRUCTURING
* FOREVER 21- COMPANY PLANS TO EXIT MOST OF ITS INTERNATIONAL LOCATIONS IN ASIA AND EUROPE, BUT WILL CONTINUE OPERATIONS IN MEXICO AND LATIN AMERICA
* FOREVER 21 - INTENDS TO USE PROCEEDINGS TO FACILITATE GLOBAL RESTRUCTURING THAT WILL ALLOW CO TO FOCUS ON A PROFITABLE CORE PART OF ITS OPERATIONS
* FOREVER 21- TO FACILITATE RESTRUCTURING, CO HAS OBTAINED $275 MILLION FINANCING FROM ITS EXISTING LENDERS WITH JPMORGAN CHASE BANK, N.A. AS AGENT
* FOREVER 21- CO ANNOUNCED IT, ITS U.S. SUBSIDIARIES HAVE COMMENCED VOLUNTARY CHAPTER 11 CASES IN UNITED STATES BANKRUPTCY COURT FOR DISTRICT OF DELAWARE
* FOREVER 21- CO , ITS CANADIAN SUBSIDIARY GRANTED PROTECTION UNDER COMPANIES' CREDITORS ARRANGEMENT ACT BY ONTARIO SUPERIOR COURT OF JUSTICE IN TORONTO