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...Smart reads ‘Bankruptcy hardball’ Aggressive tactics are seeping into bankruptcy financing as so-called “debtor in possession” loans help creditors cut the line in terms of competition, DD’s Sujeet Indap...
...The company said it had secured $100m in new money debtor-in-possession financing to support day-to-day operations during the Chapter 11 process....
...To recap: in 2017, Nassar pleaded guilty to multiple charges of sexual assault and possession of child abuse images and was subsequently sentenced to between 40 and 175 years in prison....
...The company has secured a commitment for $1bn in debtor-in-possession financing — a form of senior debt available to companies that have filed for bankruptcy — so it can clear customers from its airwaves...
...Under the restructuring programme, which analysts had been expecting for some time, CRC will eliminate more than $5bn of debt and be provided with over $1bn in debtor-in-possession financing to see it through...
...The company said it had gained agreement with the majority of its creditors to eliminate $7bn of debt and had secured $925m of debtor-in-possession financing to continue operating through the bankruptcy....
...Banks and asset managers tend to love so-called debtor-in-possession loans because they often generate high fees and have extra protections embedded to ensure full repayment....
...PG&E said it was also seeking court approval to access $5.5bn in debtor-in-possession financing that it had already secured in order to continue with essential maintenance and continued investments in safety...
...Total liabilities of $11.3bn compared with $6.9bn in assets. Lenders have stumped up $300m in so-called debtor-in-possession funding to allow the retailer to keep operating during the bankruptcy....
...It estimated its liabilities to be in the range of $100m to $500m in a Chapter 11 filing in the US Bankruptcy Court in Delaware on Tuesday and said it had lined up $135m of debtor-in-possession financing...
...Debtor-in-possession loans are among the most senior obligations in a restructuring and the first to be paid back....
...The company said its existing term lenders would provide so-called debtor-in-possession financing....
...In a statement, the company said it had obtained $800m in debtor-in-possession financing from a third-party lender to support the operation of its nuclear power plants during the restructuring phase....
...Westinghouse said it had obtained $800m of debtor-in-possession financing to support its operations during its planned restructuring, of which $200m will be guaranteed by Toshiba....
...The company plans to continue day-to-day operations, including work on its projects that are now under construction, and has secured $300m of debtor-in-possession financing to support that....
...While in bankruptcy SunEdison plans to continue day-to-day operations, including work on projects that are under construction, and has secured $300m of debtor-in-possession financing....
...Debt crunches, defaults, and bankruptcies may not shut down factories either — debtors in possession like to run factories for cash — but they can forces hard decisions....
...RadioShack has secured $285m in debtor-in-possession financing from its lender group, which it says will provide it with liquidity during the sale process....
...The company, which indicated it had assets and liabilities in excess of $1bn in the filing, said it would seek debtor-in-possession financing to provide the company with a source of financing to conduct...
...The planned restructuring deal involves the expected write-off of about $26.1bn of debt and the raising of up to $11.8bn in debtor-in-possession financing to support the operations....
...’s last words to Malaysian air traffic control came after crucial communications and reporting system was disabled * Copper miners eye increase in output | Prices for the red metal tumbled last week to...
...Barclays is providing debtor-in-possession financing to allow the business to continue to operate while the bankruptcy makes its way through the courts, a process that people involved believe could last...
...The company has secured $75m in debtor-in-possession financing so that it can continue operating while it attempts to restructure....
...Borders will continue to operate supported by $505m in debtor-in-possession financing arranged through GE Capital....
...“If the credit markets relax and there’s more liquidity available, you’ll see more bankruptcies,” he says. “It would become a viable business tool because debtors would have exit strategies.”...
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