Brookstone Gets Interim OK For $96M In DIP Financing

Law360, Wilmington (April 4, 2014, 7:07 PM EDT) -- A Delaware bankruptcy judge gave specialty retailer Brookstone Holdings Corp. the interim go-ahead for a slew of first-day requests Friday, including $96.3 million in debtor-in-possession financing that the debtor says is integral to solidifying noteholder support for its proposed stalking horse sale to Spencer Spirit Holdings Inc.

U.S. Bankruptcy Judge Kevin J. Carey — filling in for U.S. Bankruptcy Judge Brendan L. Shannon, who was assigned to the case — said he would sign an order for the DIP financing, but only after Brookstone altered language...
To view the full article, register now.




Case Information

Case Title

Brookstone Holdings Corp.

Case Number




Nature of Suit

Date Filed

April 3, 2014

Law Firms


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.