Call Center Co. Receives Approval For $30M DIP

Law360, New York (January 28, 2008, 12:00 AM EST) -- The bankruptcy court overseeing the Chapter 11 case of outsourcing company PRC LLC has granted interim approval to a $30 million debtor-in-possession loan in order to keep the Florida company in business during its bankruptcy proceedings.

On Thursday, Judge Martin Glenn of the U.S. Bankrutpcy Court for the Southern District of New York issued an interim order approving the post-petition financing, allowing the company access to a revolving facility that will not exceed $10 million under the first interim order.

Judge Glenn also issued orders on...
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