Judge Expands ResMae's Lending Capacity
U.S. Bankruptcy Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware signed an order Thursday allowing the lender to add an additional $300 million to its financing deal with Lehman Brothers Inc., and enter a $500 million financing deal with Deutsche Bank AG.
He will consider giving final approval to the financing later.
Unlike other subprime lenders who have filed...
To view the full article, register now.