CHL Secures $20M Interim DIP Loan, Plans Quick Turnaround

Law360, Wilmington (August 31, 2012, 7:53 PM EDT) -- A Delaware bankruptcy judge on Friday approved a slate of first-day motions for CHL Ltd., including $20 million in interim debtor-in-possession financing, as the broadband equipment repair company embarks on what it believes will be a quick trip through Chapter 11.

Schenectady, N.Y.-based CHL and its Contec family of subsidiaries entered bankruptcy Wednesday in an attempt to restructure roughly $360 million in debt, a process the company believes can accomplished in short order thanks to a well-supported prepackaged plan.

“We hope to be in and out...
To view the full article, register now.




Case Information

Case Title

CHL, Ltd.

Case Number




Nature of Suit

Date Filed

August 29, 2012

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.