Flying J Seeks Fast $10M In DIP Cash To Sell Fuel

Law360, New York (February 19, 2009, 12:00 AM EST) -- The debtors in the Flying J Inc. bankruptcy case on Wednesday asked a judge for quick access to $10 million in debtor-in-possession financing to facilitate the oil company's sale of more than 900,000 barrels of "winter mix" fuel that must be unloaded by April.

Affiliated debtor Longhorn Pipeline Inc. needs the money to ensure the flow of the product through its pipeline before the end of the season, according to a motion in the U.S. Bankruptcy Court for the District of Delaware.

According to the motion,...
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