$425M Post-Bankruptcy Loan For Tronox Approved

Law360, New York (October 20, 2010, 5:14 PM EDT) -- Tronox Inc. has been given a preliminary green light to replace an existing $425 million loan from Goldman Sachs Lending Partners LLC and others with a new, similar loan from the same lenders, a ruling that follows the bankrupt chemical maker's unsuccessful attempt to find a better deal for a post-bankruptcy loan.

Judge Allan L. Gropper of the U.S. Bankruptcy Court for the Southern District of New York on Tuesday approved the loan agreement, which replaces an existing but temporary credit facility that was set to...
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