| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for Global Asset Rental, LLC > News item |
Global Asset Rental gets final approval to use cash collateral
By Sarah Lizee
Olympia, Wash., Oct. 21 – Global Asset Rental, LLC received final court approval to use cash collateral to fund its operations while in bankruptcy, according to an order filed Wednesday with the U.S. Bankruptcy Court for the Middle District of Florida.
As previously reported, administrative agent White Oak Global Advisors, LLC is the party with an interest in the cash collateral of the pre-bankruptcy lenders.
Global Asset said at least $59.36 million was owed to the agent and lenders as of its bankruptcy filing date.
Global Asset is an Orlando, Fla., beer industry asset rental and reverse logistics company. The company filed bankruptcy on July 23 under Chapter 11 case number 20-04126.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.