Monaco Coach Can Tap $73M In Cash Collateral

Law360, New York (March 20, 2009, 12:00 AM EDT) -- Recreational vehicle maker Monaco Coach Corp. will be able to use nearly $73 million in loans as cash collateral to fund its ongoing operations following a bankruptcy court judge's interim order Thursday.

The order by Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware allows the bankrupt RV maker to use nearly $35.7 million owed to a group of lenders led by Bank of America and approximately $37 million owed to Ableco Finance LLC until Monaco Coach is able to secure...
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