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