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Rehab Company's Lender Agrees To Limit Ch. 11 Credit Bid

Law360, Wilmington (June 26, 2018, 9:04 PM EDT) -- The senior secured lender of drug and alcohol treatment facility operator EBH TopCo LLC struck a deal with the debtor and the official unsecured creditors committee Tuesday in Delaware, agreeing to cap the amount of prepetition debt the lender would seek to credit bid at a Chapter 11 auction next month.

During a second-day hearing in Wilmington, first-lien lender Project Build Behavioral Health said that after continued negotiations throughout the day, it would limit the amount of its planned credit bid to $65 million to address...
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