Daily News: May 9, 2014

Deutsche Bank Arranges James River Coal Bankruptcy Financing

Bloomberg reported that bankrupt James River Coal received court approval for $110 million in financing to fund business operations — despite objections from unsecured creditors.

Bloomberg said the company received interim approval to borrow as much as $80 million from its lender syndicate, including Deutsche Bank as arranger and Cantor Fitzgerald Securities as administrative agent.

To read the entire Bloomberg story, click here.