We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Call Center Co. Receives Approval For $30M DIP

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.