Court OKs Dura’s $425M Exit Financing Agreement

Law360, New York (November 9, 2007, 12:00 AM EST) -- Dura Automotive Inc. moved closer to emerging from Chapter 11 on Thursday, when a bankruptcy judge approved the company’s $425 million exit financing plan funded by The Goldman Sachs Group Inc. and Barclays Bank plc.

After Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware approved Dura’s exit financing agreement with Goldman Sachs Credit Partners LP and Barclays Capital, the bankrupt auto parts maker claimed it was on track to emerge from Chapter 11 in the fourth quarter of 2007....
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