FairPoint Communications granted final approval of DIP financing

By Lisa Kerner

Charlotte, N.C., March 11 - FairPoint Communications, Inc. received final approval for its debtor-in-possession financing at a hearing on Thursday, according to a filing with the U.S. Bankruptcy Court for the Southern District of New York.

As previously reported, the court granted FairPoint Communications interim access to $20 million of its $75 million DIP facility in October.

The court also approved the company's disclosure statement, according to an attorney close to the case.

FairPoint Communications provides communications services and is based in Charlotte, N.C. The company filed for bankruptcy on Oct. 26, and its Chapter 11 case number is 09-16335.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.