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CLIFTON, N.J. — Linens ‘n Things Inc., the home-furnishings retailer taken private by Apollo Management LP, postponed a $16.1 million interest payment and is in negotiations with bondholders as it seeks to raise cash.
The retailer may be trying to line up agreements with creditors to avoid filing for bankruptcy, said Carla Casella, a fixed-income analyst at J.P. Morgan Securities Inc.
