Custom Foods Receives $25 Million In Interim Financing

Posted on April 18, 2007 by Morris James Delaware
At the hearing of First Day motions on April 17, 2007, Judge Peter J. Walsh authorized Custom Food Products, Inc. to borrow up to $25 million in interim post-petition DIP financing from Wachovia Capital Finance Corporation (inclusive of a letter of credit subfacility of $5 million and an over-advance subfacility of $3 million).  A final hearing to approve the post-petition financing has been set for May 16, 2007 at 10:30 a.m.
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