04:48 AM EDT, 09/12/2024 (MT Newswires) -- Big Lots (BIG) said late Wednesday it has received post-bankruptcy interim court approval to access a portion of its $707.5 million financing facility.

The company said the financing and cash from ongoing operations is expected to provide enough liquidity to continue business and pay employees and key vendors as it works to complete its sale to Nexus Capital Management.

The next hearing in the bankruptcy is scheduled for Oct. 9.