Court Approves Syntax-Brillian DIP Financing

Law360, New York (July 10, 2008, 12:00 AM EDT) -- On Wednesday, Syntax-Brillian Corp. received court approval for several motions that it had filed Tuesday along with its voluntary Chapter 11 petition, including an interim financing deal that allows the television maker to borrow up to $7.5 million immediately.

Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the District of Delaware approved the debtors' first-day motions and an interim senior secured superpriority debtor-in-possession credit and guaranty agreement with Silver Point Finance LLC.

Under the credit facility, the debtor now has access to up to...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.