Whitehall Wins 3rd Extension Of $80M DIP Order

Law360, New York (August 12, 2008, 12:00 AM EDT) -- A bankruptcy judge has approved Whitehall Jewelers Inc.'s request to extend and modify its $80 million debtor-in-possession financing order for the third time.

In an order signed Aug. 8 in the U.S. Bankruptcy Court for the District of Delaware, Judge Kevin Gross agreed to extend the DIP interim order until Aug. 28, after the debtors, pre-petition secured parties, DIP agent and proposed counsel for the official committee of unsecured creditors told the court they agreed to the extension.

The court first approved Whitehall's request to use...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.