Plainwell Inc. received final approval from
the Bankruptcy Court for its debtor-in-possession financing and other first day
orders. The DIP agreement calls for Congress Financial Corp. to provide a new
$55 million credit facility to fund the company's ongoing operating needs
during its voluntary restructuring under Chapter 11 of the United States
Bankruptcy Code.
Explore the January 2001 Issue
Check out more from this issue and find your next story to read.
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- Equipment from the former Alton Steel to be auctioned
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