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Wet Seal Gets Interim Thumbs-Up For $20M DIP Loan

By Matt Chiappardi (January 20, 2015, 8:08 PM EST) -- A Delaware bankruptcy judge gave The Wet Seal Inc. interim approval Tuesday for its $20 million debtor-in-possession facility from B. Riley Financial Inc., allowing the retail chain to tap $1 million of the loan, over the objections of a private equity firm that claimed it was offering a better deal....

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