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: Texas Lawyer BlogGeneral Growth Obtains Approval for DIP Loan/Cash Collateral Use
By mcbride
?General Growth Properties Inc., which filed the biggest real-estate bankruptcy in U.S. history, won court approval [over the objections of some of its other lenders] of a $400 million loan from a group led by Farallon Capital Management LLC and the right to use cash on hand to fund its operations.
The company received approval to use the so-called cash collateral and borrow on the loan over objections from lenders on some properties.?
Here is a link: http://www.bloomberg.com/apps/news?pid=20601103&sid=aRqD.0uCw5Sk&refer=us
Michael
Full post as published by Texas Lawyer Blog on May 14, 2009 (boomark / email).
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