We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Adelphia Seeks DIP Financing Extension

Law360 (July 14, 2006, 12:00 AM EDT) -- Bankrupt cable provider Adelphia has asked a bankruptcy court to extend its debtor-in-possession financing in order to avoid running out of funding before its sale to rivals Comcast Corp. and Time Warner Inc. is complete.

“While the debtors expect to consummate the sale transaction prior to its outside date of July 31, 2006 (and thus prior to the current August 7, 2006 maturity date of the existing DIP facility), in the exercise of prudent business judgment, the debtors have taken steps to obtain the agreement of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.