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Macaroni Grill's $5M DIP Loan Cleared, But Plan Fight Looms

Law360, Wilmington (November 13, 2017, 5:22 PM EST) -- A Delaware bankruptcy judge gave Romano’s Macaroni Grill final approval Monday for its $5 million post-petition loan after hearing the debtor resolved issues unsecured creditors had with the loan and how it addressed operational costs, but the sides hinted at a bigger fight to come over the Chapter 11 plan.

During a hearing in Wilmington, U.S. Bankruptcy Judge Mary F. Walrath agreed to greenlight the loan from Raven Capital Management LLC that had been altered after negotiations with the official committee of unsecured creditors that stretched...
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