Daily News: August 22, 2012

Court Grants Interim Approval for ATP DIP Loan From Credit Suisse


U.S. Bankruptcy Judge Marvin Isgur in the U.S. Bankruptcy Court in the Southern District of Texas in Houston granted interim permission for ATP Oil & Gas to use approximately $618 million in debtor-in-possession financing led by Credit Suisse Group, a BusinessWeek article said.

The financing consists of $250 million and also refinances the company’s $367.6 million in debt, the article said. Other than Credit Suisse, lenders include: Fortress Credit Opportunities I and MSD Credit Opportunity Master Fund.

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

Previously on abfjournal.com:

ATP Files for Chapter 11, Receives $617.6MM DIP Loan Commitment, Monday, August 20, 2012