Daffy's Wins Final OK For $10M DIP Loan

Law360, New York (August 27, 2012, 12:40 PM EDT) -- A New York bankruptcy judge on Monday gave final approval to Daffy's Inc.'s first-day motions, including one for a $10 million debtor-in-possession loan from Wells Fargo NA and the use of cash collateral, as the discount clothing retailer continues going-out-of-business sales.

U.S. Bankruptcy Judge Martin Glenn approved four motions, which also included bids for an order prohibiting utilities providers from discontinuing service, authorization to employ professionals used in the ordinary course of business and authorization to retain Weil Gotshal & Manges LLP as the debtor's law...
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