Juul Labs is expected as soon as this week to start discussions with lenders for financing that would carry the vaping company through a potential chapter 11 bankruptcy filing
Juul’s valuation has fallen as a series of crises have led to hundreds of lawsuits alleging that the company marketed its products to teens. Photo Illustration: Jacob Reynolds/WSJJuul Labs Inc.
is expected as soon as this week to start discussions with lenders for financing that would carry the company through aThe vaping company has received inquiries from lenders and will soon formally request debtor-in-possession financing options, one of the people said. Such financing allows companies to pay day-to-day expenses and remain in possession of their business while under bankruptcy protection.
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