Judge OKs $20M DIP Financing For Equal Maker

Law360, New York (January 14, 2009, 12:00 AM EST) -- A bankruptcy court judge on Tuesday approved $20 million in debtor-in-possession financing for Merisant Worldwide Inc., the slumping maker of Equal and other low-calorie sweeteners.

Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District of Delaware wrote that Merisant had shown good cause for the $20 million in life support from Wayzata Capital Management Inc.

“The debtors have an immediate need to obtain the DIP financing and to use the prepetition collateral, including the cash collateral, in order to, among other things, permit...
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