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Published on 11/13/2023 in the Prospect News Distressed Debt Daily.

Benitago receives further interim approval to access cash collateral

By Sarah Lizee

Olympia, Wash., Nov. 13 – Benitago Inc. received further interim approval to access the cash collateral of its prepetition lenders, according to an order filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

The lenders include CoVenture – Bento Credit Opportunities GP, LLC and SellersFunding International Portfolio Ltd., as previously reported.

A final hearing is set for Nov. 16.

New York-based Benitago purchases companies that sell their products through Amazon. The company filed bankruptcy on Aug. 30 under Chapter 11 case number 23-11394.


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