Tronox Wins OK For $125M Exit Financing Package

Law360, New York (October 26, 2010, 2:35 PM EDT) -- A federal judge on Tuesday gave bankrupt titanium dioxide maker Tronox Inc. the green light to borrow up to $125 million under a revolving credit agreement with Wells Fargo Capital Finance LLC as part of the company's Chapter 11 exit strategy.

Judge Allan L. Gropper of the U.S. Bankruptcy Court for the Southern District of New York told Tronox lawyer Nicole L. Greenblatt of Kirkland & Ellis LLP that he would sign and file an appropriate order following the Tuesday hearing.

The exit financing is one...
To view the full article, register now.