Leonard Green’s Sports Authority misses interest payment


strike, strikeout, out, miss, swing, baseball
Cincinnati Reds third baseman Todd Frazier (21) strikes out and loses his helmet during the fourth inning against the Chicago Cubs at Wrigley Field June 12, 2015. Mandatory Credit: Caylor Arnold-USA TODAY Sports - RTX1GALK
Sports Authority Inc, which is backed by Leonard Green & Partners, is reportedly nearing bankruptcy after missing an interest payment. Englewood, Colorado-based Sports Authority skipped a roughly $21 million interest payment that was due January 15 for a subordinated debt loan, ...

This content is available for Buyouts subscribers only. Request a free trial to get access for a limited period

If you already have an active Buyouts subscription, please sign in to view this article.