Orleans Homebuilders, Inc. (the "Company", or "Orleans") (Pink Sheets: OHBIQ), which develops, builds and markets high-quality single-family homes and townhouses and whose operations in Pennsylvania and New Jersey date back more than 90 years, announced today that it has executed a $120 million debtor-in-possession credit facility ("DIP Credit Facility") which will provide a $40 million revolving line of credit, including up to $25 million of cash funding and up to $15 million of letters of credit capacity.
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