Xtreme Power Sets Up DIP Lender's Stalking Horse Bid
U.S. Bankruptcy Judge H. Christopher Mott approved bidding procedures anointing specialty financing outfit and DIP lender Horizon Technology Finance Corp. as Xtreme’s stalking horse and setting a March 18 deadline for qualified bids, with an auction two days later.
Horizon, which is also one of Xtreme’s two senior-most secured creditors, has pledged not...
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