1800mattress.com

Court Approves Increased Financing for 1800mattress.com Operations

Published in Health Business Week, May 1st, 2009

The U.S. Bankruptcy Court, Eastern District of New York, today approved an increase in debtor-in-possession financing proposed by 1800mattress.com, that will better enable the mattress and bedding accessories retailer to service its customers. The financing was increased to $900,000 from $550,000 and is being provided by Sleepy's, which is seeking to acquire the company through the Chapter 11 process.

The company sought the increased funding after the court extended a decision on a final purchaser until mid May, roughly four weeks more than was originally proposed.

"The additional funding enables us to continue to provide the high quality service,...

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Source: Health Business Week (2009-05-01)

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