We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge OKs $130M DIP Loan For Harry & David

Law360 (March 29, 2011, 7:05 PM EDT) -- Harry & David Holdings Inc. received bankruptcy court approval Tuesday in Delaware to borrow up to $130 million to maintain its operations and charted a course to exit Chapter 11 protection within six months.

Judge Mary F. Walrath said at a hearing in the U.S. Bankruptcy Court for the District of Delaware that she would sign off on the gourmet gift basket company’s debtor-in-possession financing order once it was submitted with minor language changes.

Harry & David’s DIP facility is divided into two parts: a $100...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.