Solyndra To Score Extra DIP Financing, File Ch. 11 Plan

Law360, Wilmington (June 15, 2012, 9:22 PM EDT) -- Impoverished solar panel maker Solyndra LLC told a Delaware bankruptcy judge Friday that it would submit a Chapter 11 plan in the coming weeks and had resolved objections to the extension and enlargement of its debtor-in-possession financing package.

While California-based Solyndra ceased manufacturing and reduced its staff to a skeleton crew after seeking court protection in September, the company said in court filings that it required the new DIP agreement so it could continue to sell off assets and meet the costs associated with bankruptcy planning....
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