Mervyns filed for Chapter 11 bankruptcy protection this week, with the ultimate goal of restructuring and emerging. According to Business Wire, the Hayward, Calif.-based department store chain intends to work with its constituencies to execute its reorganization and, in the meantime, Mervyns stores will remain open. In conjunction with the filing, the company received a commitment for a $465 million debtor-in-possession facility from a lender group led by Wachovia Capital Finance Corp. (Western) as the agent. This financing, along with operating cash flow, will be used to fund the company's ongoing operations.