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...

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