AmeriMark Interactive gets court approval of two asset sales

By Sarah Lizee

Olympia, Wash., June 16 – AmeriMark Interactive, LLC received approval to sell its assets to two purchasers, according to orders filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

The company can move forward with the sale of its private credit receivables, core and non-core intellectual property and inventory and certain equipment and fixtures to Midwest Catalog Brands, LLC for $52 million, and the sale of debtor LTD Commodities LLC’s assets to SLR-AMI Acquisition for $45 million.

SLR’s purchase price is in the form of a credit bid against term loan A debt.

The purchasers were named winning bidders for the assets following an auction, as previously reported.

AmeriMark is a Cleveland-based direct marketer of women's apparel, shoes, cosmetics, fragrances, jewelry, watches, accessories and health-related merchandise. The company filed bankruptcy on April 11 under Chapter 11 case number 23-10438.

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