Bruno's Gets Green Light For $4M In DIP Cash

Law360, New York (February 9, 2009, 12:00 AM EST) -- A bankruptcy judge has allowed Bruno’s Supermarkets LLC to borrow up to $4 million of a requested $6.7 million in debtor-in-possession financing, providing cash that the supermarket chain says it needs to continue operations while in Chapter 11.

Judge Benjamin Cohen issued an order Monday in the U.S. Bankruptcy Court for the Northern District of Alabama providing interim approval of the financing request to the privately owned retailer.

However, based on prior negotiations, the financing will not be provided by Bi-Lo LLC, a company related to...
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