Clash Over American Razor DIP Financing Continues

Law360, New York (August 24, 2010, 5:52 PM EDT) -- The official committee of unsecured creditors for American Safety Razor Co. and an agent for the company's first-lien debt holders have weighed in on the debtor's request for up to $25 million in post-petition financing to facilitate the sale of its assets.

The unsecured creditors committee filed a limited response to the debtor's bid for debtor-in-possession financing, and UBS AG's Stamford Branch shot back at an objection to the financing arrangement as an agent for the first-lien debt holders and the DIP lenders on Monday in...
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