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Sale-Bound Cam-Maker Arecont Gets Initial $4M Ch. 11 Loan

Law360 (May 15, 2018, 7:15 PM EDT) -- Bankrupt security camera maker Arecont Vision Holdings LLC on Tuesday in Delaware Bankruptcy Court secured approval for a $4 million Chapter 11 loan, in advance of a planned asset sale, although schedules for the fast-paced process remain in flux.

Judge Christopher S. Sontchi approved the loan agreement during the company's initial case hearing, although cash access was limited to a $2.75 million draw pending a final approval ruling.

The company's secured lender group, with Cortland Capital Management Services LLC acting as group agent, provided the money...
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