Big Lots Receives Court Approval for Asset Sale to Nexus Capital Management
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Big Lots Receives Court Approval for Asset Sale to Nexus Capital Management

Big Lots, Inc., one of the nations largest closeout retailers focused on delivering extreme value, announced that it has received court approval to sell substantially all of its assets and ongoing business operations to an affiliate of Nexus Capital Management LP. This sale is anticipated to close in early December and marks a significant step towards repositioning Big Lots as a leader in the extreme value retail sector.

Bruce Thorn, President and CEO of Big Lots, expressed optimism about the future, stating, Todays approval paves the way for a new phase for Big Lots, during which we intend to reclaim our position as the undisputed leader in extreme value. Partnering with Nexus, which believes in our business and longterm potential, will ensure that Big Lots is best positioned to emerge as a stronger company for 2025 and beyond.

Evan Glucoft, Managing Director at Nexus, echoed this confidence, saying, Nexuss acquisition of Big Lots is a testament to our confidence in the Companys core proposition and growth prospects. We strongly believe that Big Lots is on the brink of capitalizing on its potential, and we look forward to working with the talented Big Lots team to accelerate its mission and realize the opportunities ahead.

Big Lots is dedicated to providing extreme bargains to consumers on a wide range of products for the home, including furniture, décor, and pantry items. The transaction supports Big Lots ongoing commitment to deliver value, while working through a plan of reorganization following Chapter 11 bankruptcy proceedings.

For further details about the bankruptcy proceedings and how to file a proof of claim, interested parties can visit [cases.ra.kroll.com/biglots](https://cases.ra.kroll.com/biglots).

About Big Lots, Inc.:
Big Lots is a leading closeout retailer in the United States, committed to delivering significant bargains across various home categories like furniture and décor. The company emphasizes providing value through strategies such as closeouts, liquidations, and overstocks. More information about Big Lots can be found on their website: [biglots.com](https://www.biglots.com).

About Nexus Capital Management LP:
Founded in 2013, Nexus Capital Management LP is an alternative asset investment management firm based in Los Angeles. The company focuses on longterm value creation and partners with leading management teams to fulfill business potential. For more information, visit [nexuslp.com](https://www.nexuslp.com).

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