Allied Adds To DIP Loans
The additional financing is the fifth amendment to the auto supplier’s DIP credit facility with lenders through a new Term Loan C, provided by equity firm Yucaipa Cos. and Morgan Stanley Senior Funding Inc.
The money will be used to repay protective over-advances obtained under the existing facility, to reduce the principal amount of Allied’s revolving credit advances, and for capital expenditures and other working...
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