Amtrol Scores Temporary OK Of DIP Loan

Law360, New York (December 20, 2006, 12:00 AM EST) -- Two days after Amtrol Holdings Inc. first entered bankruptcy protection, a federal judge has given the company the green light to tap up to $107.5 million from its proposed Chapter 11 financing deal.

Amtrol Holdings Inc., a private company that manufactures parts for water, heating and ventilation systems, filed for Chapter 11 reorganization protection on Monday in the U.S. Bankruptcy Court for the District of Delaware.

On Wednesday, U.S. Bankruptcy Judge Kevin Gross gave interim approval to the debtor-in-possession loan, granting Amtrol access to millions of...
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