Talc Biz Barretts Gets New $30M DIP Loan From Parent Co.

By Ben Zigterman · May 21, 2024, 8:14 PM EDT

Barretts Minerals, a company that mines talc, received a Texas bankruptcy court's approval Tuesday to tap $30 million in emergency debtor-in-possession financing from a subsidiary of its nondebtor parent company, after...

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Case Information

Case Title

BMI Oldco Inc. and Barretts Ventures Texas LLC

Case Number

4:23-bk-90794

Court

Texas Southern

Nature of Suit

Date Filed

October 02, 2023