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Last updated on April 17, 2014 at 1:21 EDT

Latest Debtor-in-possession financing Stories

2009-02-06 17:20:00

SIOUX FALLS, S.D., Feb. 6 /PRNewswire-FirstCall/ -- VeraSun Energy Corporation today announced that the Company filed a Bid Procedures and Sale Motion in the United States Bankruptcy Court for the District of Delaware seeking authority to sell substantially all of the assets of VeraSun Energy Corporation and 24 of its affiliates through a court-approved sale process.   As part of the sales process, the Company has signed an agreement with Valero Energy Corporation to sell substantially...

2009-02-04 17:51:00

Plans to Complete Sale in Bankruptcy Within 60 Days BOULDER, Colo., Feb. 4 /PRNewswire-FirstCall/ -- Incentra Solutions, Inc. (OTC Bulletin Board :ICNS) announced today that it filed a voluntary Chapter 11 petition in the United States Bankruptcy Court for the District of Delaware. As part of the process, the Company and its senior lenders, a group of investment funds managed by Valens Capital Management, LLC and Laurus Capital Management, LLC (the Lenders), have entered into an Asset...

2009-01-28 18:04:00

-- Interim Approval Granted for $160 Million DIP Facility -- Court Authorizes Continued Payment of Employee Wages and Benefits -- Hartmarx Authorized to Pay for Post-Petition Goods and Services CHICAGO, Jan. 28 /PRNewswire-FirstCall/ -- Hartmarx Corporation (HTMXQ), announced today that the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division, has granted the relief the Company requested in a series of court filings known as "First Day Motions." The action...

2009-01-23 18:03:00

Company Receives Commitment for $160 Million in DIP Financing CHICAGO, Jan. 23 /PRNewswire/ -- Hartmarx Corporation (HTMX), today announced that it and its domestic U.S. subsidiaries have filed voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code. In conjunction with the filing, the Company's existing lenders have ratified and re-affirmed up to $160 million of pre-petition commitments as a debtor-in-possession (DIP) credit facility. The DIP facility, subject to...

2009-01-14 16:43:00

Orders Include Authority to Obtain $100 million in Financing - Company Can Continue Paying Employee Wages and Benefits - Operations Continue Without Interruption OKLAHOMA CITY, Jan. 14 /PRNewswire-FirstCall/ -- Tronox Incorporated (Pink Sheets: TROXA, TROXB) announced today that it has received Court approval of several "first day" motions in its Chapter 11 reorganization, including authorization to use up to $100 million of its $125 million debtor-in-possession financing facility...

2009-01-14 07:30:00

~ Secured $125 million of Debtor-in-Possession Financing ~ ~ Continues to Pursue a Sale of the Business ~ FRESNO, Calif., Jan. 14 /PRNewswire-FirstCall/ -- Gottschalks Inc. (Pink Sheets: GOTT) today announced that it has filed a voluntary petition for reorganization relief under Chapter 11 of the United States Bankruptcy Code. The Company intends to file a variety of first day motions with the Court that, with Court approval, will allow it to continue to conduct business as usual without...

2008-12-30 16:21:00

PITTSBURG, Texas, Dec. 30 /PRNewswire-FirstCall/ -- Pilgrim's Pride Corporation (Pink Sheets: PGPDQ) today announced that it has received final approval from the United States Bankruptcy Court for the Northern District of Texas of its $450 million debtor-in-possession financing facility arranged by Bank of Montreal as lead agent. Earlier this month, the company had received interim approval to access up to $365 million of its $450 million debtor-in-possession financing facility pending a...

2008-12-01 10:50:00

Company Receives Commitment for Up to $450 Million in Debtor-in-Possession Financing Normal Operations to Continue PITTSBURG, Texas, Dec. 1 /PRNewswire/ -- Pilgrim's Pride Corporation (NYSE: PPC), together with certain of its wholly owned subsidiaries (collectively, the "Company"), today announced that in an effort to address certain short-term operational and liquidity challenges, it filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United...

2008-12-04 17:11:00

SIOUX FALLS, S.D., Dec. 4 /PRNewswire-FirstCall/ -- VeraSun Energy Corporation announced that the U.S. Bankruptcy Court has entered orders granting final approval for debtor-in-possession (DIP) financing totaling $196.6 million, including $93.6 million of incremental financing, $25 million of which was previously loaned to the Company on an interim basis, to be provided by certain holders of VeraSun's 9 7/8% senior secured notes due 2012. The incremental financing will be available,...

2008-11-04 00:00:00

SIOUX FALLS, S.D., Nov. 3 /PRNewswire/ -- VeraSun Energy Corporation, one of the nation's largest ethanol producers, announced today that it had received commitments for up to $215 million in debtor in possession (DIP) financing from certain holders of VeraSun's 9 7/8% senior secured notes due 2012 and groups of lenders led by AgStar Financial Services. At today's "first day" hearing, the U.S. Bankruptcy Court entered an interim order allowing VeraSun and its affiliates to borrow up to $40...