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News Stories (26 Results) - DiP Loan

Bankrupt retailer Toys "R" Us is at risk of breaching a covenant of its debtor in possession loan following an unexpectedly slow holiday season, CNBC reports. Citing sources familiar with the matter, CNBC says the retailer still in compliance with... Read Story
February 26, 2018, 08:00 AM


Peabody Energy announced it has received approval of its business plan by the company's debtor-in-possession (DIP) financing lenders. The business plan forms the foundation for the plan of reorganization that the company expects to submit before the... Read Story
August 11, 2016, 07:44 AM


Debtor-in-possession (DIP) financings are frequently being left out of the equation for the current crop of bankrupt energy firms as many opt for pre-negotiated bankruptcy plans to speed up the restructuring process and rely on cash, according to... Read Story
May 24, 2016, 07:39 AM


Breitburn Energy Partners LP announced that it and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York... Read Story
May 16, 2016, 07:39 AM


Aéropostale, Inc. took the next steps in its ongoing business transformation by filing voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Company expects... Read Story
May 04, 2016, 08:06 AM


Verso Corporation announced that it has received final approval from the U.S. Bankruptcy Court in the District of Delaware for a variety of first day motions related to its voluntary restructuring under Chapter 11 of the U.S. Bankruptcy Code.  These... Read Story
March 03, 2016, 08:08 AM


TSA Stores, Inc. (“Sports Authority” or the “Company”), an industry leader in providing a wide assortment of quality, brand-name sporting goods, announced that Sports Authority and several of its affiliates filed voluntary petitions to restructure... Read Story
March 02, 2016, 07:45 AM


Credit Value Partners, a registered investment advisor specializing in corporate debt investments, closed a $12.0 million revolving DIP credit facility with Health Diagnostic Laboratory, Inc. ("HDL").  Proceeds of the loan were used for general... Read Story
January 13, 2016, 07:39 AM


GT Advanced Technologies Inc. announced that it has it has closed on its $95 million debtor-in-possession term loan facility (the "DIP Loan Facility"). The lenders include certain holders of GT's convertible notes. The loan has a one-year term and... Read Story
July 29, 2015, 07:41 AM


GT Advanced Technologies Inc. announced the fourth extension of the solicitation period in connection with its previously announced proposed debtor-in-possession term loan facility (the "DIP Loan Facility"). Following the extension, the solicitation... Read Story
June 08, 2015, 07:28 AM


GT Advanced Technologies Inc. announced the extension of the solicitation period in connection with its previously announced proposed debtor-in-possession term loan facility (the "DIP Loan Facility"). Following the extension, the solicitation period... Read Story
April 22, 2015, 07:10 AM


J & B Restaurant Partners of Long Island II, LLC and certain affiliates (collectively, the “Company”), owners of 37 Friendly’s restaurants in New York, New Jersey and Connecticut, filed voluntary petitions for relief under Chapter 11 of the United... Read Story
January 07, 2015, 07:47 AM


Exide Technologies announced that, on July 22, 2014 and July 25, 2014, Exide's DIP lenders approved two amendments to the company's debtor-in-possession financing facilities (the "DIP Facilities"). The sixth amendment provides the Company with $60... Read Story
July 30, 2014, 08:02 AM


Business Capital has secured an $8.5 Million D.I.P loan for Pacific Steel Casting (PSC), one of the largest independent steel casting companies in the U.S. that makes carbon, low-alloy and stainless steel castings for U.S. and international customers... Read Story
April 22, 2014, 07:13 AM


Quantum Foods announced that it is in the final stages of negotiating a sale of substantially all its business to CTI Foods Holding Co., LLC (CTI Foods). After evaluating multiple opportunities in the process, a leader emerged with a clear strategy... Read Story
February 19, 2014, 07:52 AM


Global Aviation Holdings, Inc., the largest commercial provider of charter air services to the U.S. military and a major provider of worldwide commercial global passenger and cargo air transportation services, today announced that the Company and its... Read Story
November 12, 2013, 07:29 AM


Furniture Brands International and certain of its wholly-owned subsidiaries (collectively, Furniture Brands), announced it has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of... Read Story
September 10, 2013, 08:04 AM


Exide Technologies reported today that it has received final Bankruptcy Court approval of its $500 million debtor-in-possession (DIP) financing provided by JP Morgan Chase and a group of lenders to whom the DIP financing was syndicated.On June 10... Read Story
July 25, 2013, 07:28 AM


Orchard Supply Hardware Stores, a neighborhood hardware and garden store focused on paint, repair and the backyard, announced that the United States Bankruptcy Court for the District of Delaware has given final approval for the company to access $177... Read Story
July 17, 2013, 07:49 AM


The Deal Pipeline reports Oreck Corp., which makes and sells vacuum cleaners and air purification products, has filed for bankruptcy protection to pursue the sale of its assets. The Nashville company and eight affiliates submitted Chapter 11... Read Story
May 09, 2013, 07:11 AM


Ormet Corporation, a producer of primary aluminum, announced it has signed a definitive Asset Purchase Agreement with Smelter Acquisition, a portfolio company owned by private investment funds managed by Wayzata Investment Partners, in connection... Read Story
February 26, 2013, 08:03 AM


Handy Hardware Wholesale, a Houston-based company formed by independent retailers, filed for Chapter 11 bankruptcy. According to the filing, the company noted expansion into a second distribution center during recession times hurt its bottom... Read Story
January 15, 2013, 08:02 AM


Norse Energy Corp. ASA announcesd that its US subsidiary, Norse Energy Corp. USA, has appointed a financial advisor, Next Point LLC, to assist the company in obtaining debtor in possession financing. The retention of Next Point is subject to approval... Read Story
December 28, 2012, 07:03 AM


K-V Pharmaceutical Company received a commitment from lenders led by an affiliate of Silver Point Finance LLC for $85 million in senior secured post-petition debtor-in-possession financing, which the company intends to use to, among other things... Read Story
December 13, 2012, 07:07 AM


Salus Capital Partners provided a $9.5 million debtor-in-possession (dip) credit facility to Bakers Footwear Group, a specialty retailer of moderately priced fashion footwear for young women. The DIP financing will be used by Bakers to provide... Read Story
November 28, 2012, 08:08 AM


AMF Bowling Worldwide reached an agreement with a majority of its secured first lien lenders and the landlord of a majority of its bowling centers to restructure through a first lien lender-led debt-for-equity conversion, subject to higher and better... Read Story
November 13, 2012, 07:14 AM