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Indalex Holdings Finance, Inc.
Indalex Holdings Finance, Inc. Announces Court Approval of $84.6 Million in Debtor-In-Possession Financing
April 26th, 2009
Indalex Holdings Finance, Inc., announced that it and certain related affiliates (“Indalex US”) received interim court approval in the U.S., and the Company’s Canadian operating entity and certain other Canadian affiliates (“Indalex Canada” and together with Indalex US, the “Company” or “Indalex”), received court approval in Canada of an agreement with their existing senior lender group to provide $84.6 million in debtor-in-possession (DIP) financing. The Company will use the financing to fund normal operating and working-capital requirements during its reorganization process. There will be a final hearing in the U.S. on April 27, at which time the Company expects to...
Source: Pharma Investments, Ventures & Law Weekly (2009-04-26)
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