DOWNERS GROVE, Ill., June 5, 2019 /PRNewswire/ -- FTD Companies, Inc. (FTD) (the "Company"), a premier floral and gifting company, today announced that the Company has received approvals from the U.S. Bankruptcy Court for the District of Delaware for "First Day" motions related to the voluntary Chapter 11 petitions filed on June 3, 2019. The Bankruptcy Court granted the Company interim approval to access up to $47 million of up to $94.5 million in debtor-in-possession ("DIP") financing. The DIP financing, combined with cash generated from the Company's ongoing operations, will be used to, among other things, support the business during the court-supervised restructuring process.

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