PE-Owned Printing Co. Gets OK For $20M DIP Package

Law360, Wilmington (June 17, 2013, 7:37 PM EDT) -- A Delaware bankruptcy judge gave private-equity owned commercial printing company TPO Hess Holdings Inc. final approval Monday for its up-to $20 million post-petition loan over an objection from unsecured creditors, who argued the credit facility's budget may not fully cover their role in the case.

U.S. Bankruptcy Judge Kevin J. Carey said he was convinced for now that attorneys for the firm and their bankrupt operating affiliates D.B. Hess and The Press of Ohio had presented a budget that appeared to be adequate, but he left...
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