DeCurtis Holdings gets access to $2 million of DIP financing

By Sarah Lizee

Olympia, Wash., May 3 – DeCurtis Holdings LLC received approval to access $2 million of a $6.5 million new money debtor-in-possession facility, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the financing is being provided by first-lien lenders.

Following a final order, the financing will also include a $17.89 million rollup of prepetition secured debt into the facility.

The company also gained interim approval to access cash collateral.

A final hearing is scheduled for May 24.

Orlando, Fla.- based DeCurtis provides guest experience and operational management product-focused SaaS software solutions. The Chapter 11 case number is 23-10548.

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