Daily News: March 7, 2014

WSJ: Mach Gen Gets Court Nod for Lenders’ Bankruptcy Financing

The Wall Street Journal reported Mach Gen won bankruptcy court approval to utilize a $200 million financing package from lenders who are standing by to fund the electricity generator’s exit from Chapter 11 protection.

According to the Journal , Judge Peter Walsh of the U.S. Bankruptcy Court in Wilmington, DE, authorized Mach Gen to tap into at least $55.7 million of the $200 million bankruptcy financing package from senior lenders, including Beal Bank USA, court papers show.

To read the entire Journal article, click here.