Creditors Say Kid Brands Doesn't Need $49M DIP Loan
By Andrew Scurria ( July 18, 2014, 2:52 PM EDT) -- Creditors unhappy with Kid Brands Inc.'s proposal to tap $49 million in debtor-in-possession financing said that the loan is unnecessary for the child product maker's continued operations and will hand lender Salus Capital Partners LLC undeserved collateral rights over dwindling company assets....
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