$700M DIP Loan Approved For Linens 'N Things
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware approved the DIP loan at a hearing on Wednesday, overruling any objections. General Electric Capital Corp. will serve as administrative agent for the loan, court documents said.
Linens ‘n Things, which entered Chapter 11 on May 2, had previously...
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