Aluminum Smelter Cleared To Borrow Up To $75M In Ch. 11
At a first-day hearing in the case, U.S. Bankruptcy Judge Mary F. Walrath signed off on the first portion of a debtor-in-possession financing package from Wells Fargo Capital Finance LLC and Wayzata Investment Partners LLC, the private equity firm aiming to acquire Ormet.
Wells Fargo provided a $60 million revolving loan...
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