OnCure Gets $25M Bankruptcy Loan Greenlighted For Now

Law360, Wilmington (June 18, 2013, 8:08 PM EDT) -- A Delaware bankruptcy judge on Tuesday gave private equity-owned cancer center operator OnCure Holdings Inc. an interim go-ahead for a $25 million post-petition loan, despite the U.S. Trustee's Office's objection to how the credit facility was structured.

An attorney for the U.S. Trustee's Office had argued that a provision that allows $15 million of the debtor-in-possession financing provided by a group of OnCure's prepetition lenders to be rolled up into an earlier loan of equal value, but at a better interest rate, ought to be delayed...
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