agreed, the way I read some info on it. It's a roll up & out deal. all imo - but the debtor here is looking to refi and restructure at any cost, other than BK.... A true "debtor in possession - finance loan" "deal" must be approved by the court, and pre arranged dip deals are frowned upon because it (usually) seats creditors unfairly.... Maybe they are using the verbiage to relinquish some controls and create a favorable atmosphere.....
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