Greensill Capital gets interim access to $700,000 of DIP financing

By Sarah Lizee

Olympia, Wash., April 7 – Greensill Capital Inc. received court approval to access $700,000 of $2 million in debtor-in-possession financing from the Peter Greensill Family Trust, according to an interim order filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

A final hearing is scheduled for April 27.

The facility will have a term of 365 days. Interest will be 5% per annum for the first 60 days after the initial borrowing date and 20% for any period of time that a loan is outstanding after 60 days.

New York-based Greensill Capital is the U.S. arm of Greensill Capital Management, a financial services company. The company filed bankruptcy on March 25 under Chapter 11 case number 21-10561.

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