JHT Secures $35M In Exit Financing

Law360, New York (July 25, 2008, 12:00 AM EDT) -- JHT Holdings Inc. is continuing on its rapid path in and out of bankruptcy. The judge overseeing the truck transporter's case has approved a $35 million exit financing deal with three funds poised to become major stakeholders in the reorganized company.

Following a hearing, Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the District of Delaware on Monday approved the financing package, consisting of a first-lien revolving loan from, in order of their respective commitments, Highland Capital Management LP, DB Zwirn Special Opportunities Fund...
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