Taylor-Wharton Slams Objections To Its DIP Package

Law360, New York (October 27, 2015, 8:34 PM EDT) -- Taylor-Wharton International LLC asked the Delaware bankruptcy court on Tuesday to grant its debtor-in-possession financing package despite creditors calling it “egregious” because the financing is necessary to insure the cryogenics company’s continued operation and sale.

The unsecured creditors committee earlier this week raised objections to the package, which includes a $13 million bankruptcy loan, saying that it was designed to “squeeze every cent” from the company and push through a quick sale process. Taylor-Wharton said a sale would result in the best outcome for everyone and that the proposed post-petition financing package was needed to complete a sale, as well as...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies