US Trustee Balks At 22% Rate On Petersen Health DIP Loan

By Alex Wittenberg · April 19, 2024, 5:14 PM EDT

The U.S. Trustee's Office objected Friday to senior living company Petersen Health Care's proposed bankruptcy financing, telling a Delaware judge that the combined 22% interest rate on the $45 million debtor-in-possession...

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