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Edwin Watts Golf Shops seeks OK to use cash collateral through Feb. 8
By Caroline Salls
Pittsburgh, Jan. 17 - Edwin Watts Golf Shops, LLC requested court approval to use the cash collateral of its subordinated lender through Feb. 8, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.
The company said it needs to use the cash collateral to keep performing its asset sale obligations, including the continuation of a store-closing sale, and to wind down its business.
Edwin Watts Golf, a Fort Walton Beach, Fla.-based specialty golf retailer, filed for bankruptcy on Nov. 4. The Chapter 11 case number is 13-12876.
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