Dex Media interim cash collateral use approved; plan hearing July 15

By Caroline Salls

Pittsburgh, May 18 – Dex Media, Inc. received interim court approval to use the cash collateral of its pre-bankruptcy secured parties to fund its operations while in bankruptcy, according to an order filed May 18 with the U.S. Bankruptcy Court for the District of Delaware.

The final cash collateral use hearing is scheduled for June 13.

The interim cash collateral order will expire in 45 days if no final order has been entered by then.

In addition, the combined hearing on confirmation of Dex’s plan of reorganization and approval of the related disclosure statement was scheduled by the court for July 15.

Objections to the plan and disclosure statement must be filed by June 20.

Dex, a Dallas-based full-service media company, filed for bankruptcy on May 16. The Chapter 11 case number is 16-11200.

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