Sovereign Balks At Terms Of Taylor Bean DIP Funding

By Samuel Howard (October 30, 2009, 1:02 PM EDT) -- Bankrupt Taylor Bean & Whitaker Mortgage Corp.'s attempt to line up $25 million in debtor-in-possession financing has rubbed Sovereign Bank the wrong way, prompting the prepetition lender to question the effects the arrangement will have on the bank's liens and the standing of its claims....

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