PFO Global obtained up to $.4 million in post-petition debtor-in-possession financing from its senior secured lender, Hillair Capital Investments. The DIP provides the company with liquidity to maintain its operations in the ordinary course of business during the Chapter 11 process.

On January 31, 2017, PFO Global and its wholly owned subsidiaries, filed for reorganization under Chapter 11. The case is pending in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division.

The company intends to preserve value and accommodate an eventual going-concern sale of PFO’s business operations.

According to a related 8-K filing, the court approved, on an interim basis, PFO Global’s motion for up to $100,000 in post-petition financing, and on a final basis, up to a total aggregate amount of $420,000 in post-petition financing.