The Wall Street Journal reported that Hostess Brands has received approval from Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern District of New York to use $35 million of the $75 million debtor-in-possession loan it obtained from its first lien lenders led by Silver Point Capital.

Judge Drain also approved the company’s other first-day motions including the right to pay its employees and vendors, the article said.

To read the article in its entirety, click here.

Previously on abfjournal.com:

Hostess Brands Files Chapter 11, Receives Commitment for DIP Loan, Wednesday, January 11, 2012