Court OKs Eddie Bauer Financing Deal

Law360, New York (July 8, 2009, 12:00 AM EDT) -- A judge has given Eddie Bauer Holdings Inc. the go-ahead to tap a $100 million debtor-in-possession loan facility, while also allowing the bankrupt retailer to use its cash collateral to pay employees, customers and suppliers.

In an order Wednesday, Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware gave Eddie Bauer final approval to use the $100 loan facility from its existing revolving credit lenders, Bank of America NA, GE Capital Corp. and CIT Group/ Business Credit Inc.

The company said...
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