West Marine Bankruptcy: $549.2M in Debt, Dual-Track Plan Targets July Confirmation
West Marine filed prenegotiated chapter 11 May 17, 2026 in Delaware (26-10794-KBO) with $549.2M in funded debt and a dual-track plan backed by 96.2% of term loan holders. Oaktree and L Catterton-backed boating retailer targets recapitalization or asset sale; combined hearing July 30, 2026.