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Temporary Financing

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Temporary Financing
The sum of negotiated current liabilities and temporary spontaneous current liabilities.


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7 million to SOF Investment, the largest secured creditor, and about $37 million to the league to repay its temporary financing of the team since last fall.
According to the news reports, CIT's board has approved a $3 billion rescue deal with major bondholders in a move that will provide temporary financing to the ailing company.
Creditors have objected to the terms that management has cut with a lender promising $25 million in temporary financing, which include the requirement that Brian Tierney, publisher of the Philadelphia Inquirer and chief executive of Philadelphia Newspapers, stays on.
 
 
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