Sportsman's To Tap $30M Of Proposed DIP Loan

Law360, New York (March 26, 2009, 12:00 AM EDT) -- A federal bankruptcy judge has approved Sportsman's Warehouse Inc.'s request to access up to $30 million of a proposed $85 million debtor-in-possession credit facility that the sporting goods retailer claims it needs to operate while restructuring under Chapter 11.

In an order signed Tuesday in the U.S. Bankruptcy Court for the District of Delaware, Judge Christopher S. Sontchi approved a proposed $85 million credit agreement on an interim basis, allowing the debtors' to borrow up to $30 million of the DIP loan to be provided by...
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