Journal Register's $22.5M DIP Loan Gets Conditional OK

Law360, New York (September 7, 2012, 4:40 PM EDT) -- Newspaper publisher Journal Register Co. got a preliminary nod Friday from a New York bankruptcy judge to secure about $22.5 million in interim debtor-in-possession financing as it barrels toward a stalking horse sale to funds of its private equity-backed owner.

Judge Stuart M. Bernstein said he would approve the motion, which would cover the next three weeks of the publisher's expenses, on the condition that the publisher and lender Wells Fargo Bank NA adjust several provisions to the revolving credit agreement that he felt were too...
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