Brookstone Gets Interim OK For $96M In DIP Financing

Law360, Wilmington (April 04, 2014, 7:07 PM ET) -- A Delaware bankruptcy judge gave specialty retailer Brookstone Holdings Corp. the interim go-ahead for a slew of first-day requests Friday, including $96.3 million in debtor-in-possession financing that the debtor says is integral to solidifying noteholder support for its proposed stalking horse sale to Spencer Spirit Holdings Inc.

U.S. Bankruptcy Judge Kevin J. Carey — filling in for U.S. Bankruptcy Judge Brendan L. Shannon, who was assigned to the case — said he would sign an order for the DIP financing, but only after Brookstone altered language...
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