Silicon Graphics Asks Court To Approve Exit Financing

Law360, New York (September 5, 2006, 12:00 AM EDT) -- High-end computer manufacturer Silicon Graphics Inc. hopes to win court approval to borrow $115 million from two lenders for its exit financing.

In court documents filed Friday in the U.S. District Court for the Southern District of New York, Silicon Graphics said that General Electric Capital Corp. is willing to lend it up to $30 million in a senior secured revolving credit facility. Morgan Stanley Senior Funding Inc. has offered $85 million under a senior secured term loan facility.

Silicon Graphics said that to choose its...
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