Goody's Emerges From Ch. 11 With $175M Plan Loan
On Oct. 7, Judge Christopher S. Sontchi of U.S. Bankruptcy Court for the District of Delaware approved Goody's reorganization plan, which allowed the mid-range retailer to pursue funding for the plan.
In conjunction with the plan taking effect, Goody's received a $175 million revolving credit facility from GE Commercial Finance Corporate Lending to finance the plan, the General Electric unit announced Wednesday....
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