Trendy jeans retailer True Religion has emerged from Chapter 11 bankruptcy, following a four-month reorganization that has enabled the company to reduce its term loans from $471 million to $113 million and to extend its debt maturities to 2022.

In business since 2002, True Religion operated 90 full-price stores and 40 outlet stores when TowerBrook Capital Partners acquired it in May 2013. This year True Religion has announced the closure of 27 stores.

“With [a] substantial debt burden removed, we are eager to turn our full attention to implementing our forward-thinking strategy, including improving our retail operations, [forming] new partnerships and growing the brand’s digital presence,” said CEO John Ermatinger in a prepared statement. “With the consummation of this restructure, we are very excited and poised for the future.”