We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Court Approves Meridian’s $75M DIP Loan

Law360 (September 22, 2006, 12:00 AM EDT) -- A bankruptcy judge has given the green light to Meridian Automotive System Inc.’s amendments to its bankruptcy financing, which will help steer the company out of Chapter 11.

Judge Mary F. Walrath approved the auto parts supplier’s $75 million debtor-in-possession loan on Wednesday in the U.S. Bankruptcy Court for the District of Delaware. She also pushed back the maturity date of the financing from Oct. 31 to Dec. 31.

The amendments to the financing package will also extend the loan to March 31, 2007, and the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.