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tutt1126

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tutt1126

Re: None

Thursday, 09/10/2020 4:09:58 PM

Thursday, September 10, 2020 4:09:58 PM

Post# of 1989
Quote "
Pursuant to their commitment letter, the Company’s existing lenders are providing a debtor-in-possession (“DIP”) revolving loan that will “roll” into an exit facility with up to $615 million in availability."

What is DEBTOR in POSSESSION ?
debtor in possession", The term refers to a debtor that keeps possession and control of its assets while undergoing a reorganization under Chapter 11

https://www.globenewswire.com/Index
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