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Flying J Asks Court To Boost DIP Package To $11.5M

Law360 (April 14, 2009, 12:00 AM EDT) -- The debtors in the Flying J Inc. bankruptcy case have asked a judge to approve changes to the terms of a $10 million debtor-in-possessing financing facility provided by Merrill Lynch Commodities Inc. that allow for a $1.5 million increase and extended maturity date on the loan.

In an emergency motion filed Monday in the U.S. Bankruptcy Court for the District of Delaware, the seven debtors asked the court for interim and final orders authorizing amendments to the current DIP package, including increasing the lending commitment, extending...
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