Calpine Allowed To Seek Post-Petition Financing
Several lenders have objected since Calpine filed its motion earlier this year, concerned over whether they would be able to seek pre-payments or damages. Judge Burton R. Lifland considered the objections when issuing his decision, and calculated a percentage of damages that the secured lenders could claim.
In its motion, Calpine requested permission to obtain replacement post-petition financing,...
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