Adidas Proposes Escrow Account in Dispute That Allows Rockport Sale to Close
The Big a characterizes the dispute over the $54 million claim it has against Rockport as an inter-creditor matter that will only affect the amount recovered by the secured noteholders, who also happen to be the equity holders in Rockport, Berkshire Partners and New Balance. It proposes allowing the sale to go through to Charlesbank for $150 million but setting up two escrow accounts to cover the claim while the matter ... Log in to view full article.