CORRECTED: Muzak Gets Final OK To Tap Over $20M In Collateral

Law360, New York (March 12, 2009, 12:00 AM EDT) -- Muzak Holdings LLC received the final green light Thursday to access more than $20 million in cash collateral that the music company says it needs to maintain operations as it restructures its balance sheet under Chapter 11 protection.

(Corrects an article published on March 13.)

In a final order signed Thursday in the U.S. Bankruptcy Court for the District of Delaware, Judge Kevin J. Carey signed off on the debtors’ motion for continued use through Aug. 15 of cash collateral that is backed by an agreement...
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