Orchard Supply Hardware announced the bankruptcy court has given final approval for the company to access $177 million in DIP financing provided by Wells Fargo, the company’s existing ABL lender, and its term loan lenders.
OnCure Holdings announced it filed Chapter 11 in an effort to restructure its finances. Court documents show that pre-petition agent Wells Fargo is the proposed agent for a $25 million DIP facility.
Salus Capital Partners provided a $16 million DIP facility to Namco, a multi-channel home recreational products retailer and wholesaler. The financing will be used for working capital as it operates under Chapter 11.
In an exclusive Q&A with ABF Journal publisher Jerry Parrotto and New York Institute of Credit managing director Harvey S. Gross, U.S. Bankruptcy Judge Michael B. Kaplan shares his thoughts on corporate restructuring in the post-credit crisis environment.
Salus Capital Partners provided a $13.2 million debtor-in-possession facility to Big M, a family-owned retailer of women’s apparel and accessories. The financing will be used by the company for working capital as it operates under Chapter 11 protection.