Judge Ups Wickes DIP Financing To $17M
On Friday, Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware, signed off on Wickes' DIP budget. The company's unsecured creditors had initially objected to the DIP financing.
“An immediate need exists for the debtors to obtain funds ... in order to continue operations,” the judge wrote.
According to Monday's revised order, the company is authorized to borrow $17 million in...
To view the full article, register now.