Daily News: October 9, 2012

Court Approves Journal Register’s $25 Million DIP Loan


U.S. Bankruptcy Judge Stuart Bernstein in the U.S. Bankruptcy Court in the Southern District of New York has granted final approval of Journal Register’s $25 million debtor-in-possession loan provided by Wells Fargo Bank.

The loan is being used to run the company’s operations while it tries to find a buyer for its assets, a Bloomberg/BusinessWeek article said.

To read the Bloomberg/BusinessWeek article in its entirety, click here.

Previously on abfjournal.com:

Journal Register Company Files for Chapter 11, Friday, September 07, 2012