Easterday secures final court approval to access cash collateral

By Sarah Lizee

Olympia, Wash., March 25 – Easterday Ranches, Inc. and Easterday Farms received final approval to use cash collateral, according to an order filed Wednesday with the U.S. Bankruptcy Court for the Eastern District of Washington.

Lenders Washington Trust Bank, CHS Capital, LLC, Prudential Insurance Co. of America and Equitable Financial Life Insurance Co. may assert an interest in the collateral.

The debtors authorized to use the cash collateral through the earliest of Nov. 14, the effective date of a plan, and the date a sale of all of the company’s assets closes.

Easterday Ranches is a Pasco, Wash.-based cattle operator. The company filed bankruptcy on Feb. 1 under Chapter 11 case number 21-00141.

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