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Re: stockmarketmadness post# 1079

Thursday, 12/17/2009 12:01:19 PM

Thursday, December 17, 2009 12:01:19 PM

Post# of 6700
"Champion also received interim Court approval of its $40 million debtor-in-possession (DIP) financing, permitting it pursuant to the terms of the facility immediate access of up to approximately $31 million to continue operations, pay employees wages and benefits and purchase goods and services going forward during the restructuring period. The final hearing on the DIP financing has been set for Thursday, Dec. 10, 2009 to approve the remainder of the DIP facility."

http://www.prnewswire.com/news-releases/champion-enterprises-receives-approval-on-package-of-relief-that-assures-continued-uninterrupted-operations-70305227.html

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