Lake At Las Vegas Gets $147M DIP Financing

Law360, New York (August 6, 2008, 12:00 AM EDT) -- Lake at Las Vegas Joint Venture LLC, the developer of a residential and vacation complex that filed for Chapter 11 protection in July, has secured approval to enter into a $147 million debtor-in-possession financing agreement with Credit Suisse Securities.

In an order filed Aug. 4 in the U.S. Bankruptcy Court for the District of Nevada, Judge Linda B. Riegle approved the final DIP and cash collateral use after Lake at Las Vegas Joint Venture LLC informed the court that it had reached an agreement with various...
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