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Aerosoles interim cash collateral use approved; final hearing Oct. 18
By Caroline Salls
Pittsburgh, Sept. 18 – AGI HoldCo, Inc., which does business as Aerosoles, was granted court approval to access the cash collateral of its pre-bankruptcy revolving credit facility lenders on an interim basis, according to an order filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
The final hearing is scheduled for Oct. 18.
The cash collateral will be used to fund Aerosoles’ assets while in bankruptcy.
The interim cash collateral order will expire on the earlier of Oct. 20 and the occurrence of a termination event.
Aerosoles is an Edison, N.J.-based global footwear company. The company filed bankruptcy on Sept. 15 under Chapter 11 case number 17-11962.
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