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Equal Maker Seeks Access To $20M In DIP Cash

Law360 (January 12, 2009, 12:00 AM EST) -- Merisant Worldwide Inc., the teetering maker of Equal and other low-calorie sweeteners, is urging the bankruptcy court to grant it emergency access to $20 million in debtor-in-possession financing.

Two days after the privately owned company filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware, Merisant President Paul Block said the company requires use of the $20 million lifeline provided by Wayzata Capital Management Inc.

Merisant’s position is perilous, Block said, and without the use of the DIP financing and...
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