Propex Seeks To Negotiate $65M Exit Financing
In documents filed Friday in the U.S. Bankruptcy Court for the Eastern District of Tennessee, counsel for Propex asked the court to allow it to pay Wayzata a refundable deposit of $150,000, which would be used to conduct due diligence. A hearing on the issue is scheduled for Dec. 29.
Wayzata, which is a 19 percent holder of the...
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