Fullbeauty Lenders Are Said to Enlist Davis Polk for Debt Talks

Group hopes to talk to retailer about collateral, loan pact

The company hasn’t retained restructuring counsel of its own

A group of lenders to Fullbeauty Brands Inc. have hired law firm Davis Polk to represent them as they gear up for discussions with the struggling seller of plus-sized clothing.

The newly formed group hopes to talk to the retailer about matters including its collateral and its obligations under its credit agreement, according to people with knowledge of the matter. The group includes owners of at least 45 percent of the company’s first-lien term loans and some of its second-lien loans, one of the people ...