Bankrupt Dolan Co. Gets Nod For $10M DIP Package

By Jamie Santo (April 17, 2014, 4:44 PM EDT) -- A Delaware bankruptcy judge on Thursday gave final approval for the Dolan Co.'s proposed $10 million debtor-in-possession financing package, which the business information firm and mortgage default processor can tap as it moves ahead with a restructuring plan centered on a debt-for-equity swap with a unit of H.I.G. Capital LLC.

At a hearing in Wilmington, U.S. Bankruptcy Judge Brendan L. Shannon signed off on the DIP facility furnished by prepetition lender Bayside Capital Inc., an arm of H.I.G.

Albertelli Law lodged the lone objection to the financing package, seeking to "ensure that its setoff rights were not being primed by the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!