Scooter Store Gets Nod On $10M DIP Over Trustee's Protest

Law360, Wilmington (April 16, 2013, 7:42 PM EDT) -- The Scooter Store Holdings Inc. won interim approval of a $10 million debtor-in-possession package Tuesday as a Delaware bankruptcy judge signed off on the credit facility for the private equity-controlled scooter and wheelchair seller despite objections from a U.S. trustee.

The Texas-based company, majority controlled by affiliates of Sun Capital Partners Inc., entered Chapter 11 on Monday battered by new health care regulations and federal investigations and intends to use the DIP facility to help fund operations as it pursues a Section 363 sale in about...
To view the full article, register now.