Versa will also pay cure costs and priority claims, and will take over a USD 20m
bankruptcy financing commitment from US investment banker B.
Global Banking News-November 19, 2013--Barclays could make a deal in
bankruptcy financing with Detroit(C)2013 ENPublishing - http://www.
Chrysler took $7 billion in government loans and another $5 billion in bailout and
bankruptcy financing.
GM's government deadline is June 1, but the Obama administration said it will provide
bankruptcy financing if the company cannot successfully restructure outside of court.
9bn in
bankruptcy financing Delta Air Lines Inc has entered into talks with its lenders.
Delta discusses possible
bankruptcy financing with lenders.
To assist with the
bankruptcy financing and restructuring, Ultimate has received a commitment for up to $113 million in debtor-in-possession financing from Wells Fargo Retail Finance and $5.
Spiegel lined up $400 million in
bankruptcy financing and said its stores and catalog operations will remain open as usual as it begins a bankruptcy process that will last six months to a year.
These motions are primarily designed to obtain post
bankruptcy financing and minimize the impact on the Company's operations, customers and employees.
Johnson Controls was initially signed up to support the company's
bankruptcy financing, but decided to withdraw to avoid a conflict with Wanxiang.
A March 2010 study by S&P,
Bankruptcy Financing Isn't What It Used to Be, in part blames the bankruptcy sea change on the market meltdown and the increased cost of capital and credit that ensued.
Bankrupt United Airlines' parent company, UAL Corp, has announced that it is planning to take action to prevent the repossession of 14 aircraft by increasing its
bankruptcy financing to USD350m from USD310m.
