Creditors Contest Buffets' $385M DIP Financing
In a preliminary objection filed Wednesday, Buffets' official committee of unsecured creditors claimed the structure of the proposed DIP loan "is solely for the benefit of the lenders." They also asked the U.S. Bankruptcy Court for the District of Delaware for permission to file a more in-depth version of their objection under seal.
Buffets, which filed...
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