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Entegra Power gets interim access to cash collateral for 45 days
By Kali Hays
New York, Aug. 6 – Entegra Power Group, LLC received court approval to use the cash collateral of its pre-bankruptcy secured parties, according to a Wednesday order with the U.S. Bankruptcy Court for the District Of Delaware.
Entegra will use the cash collateral to fund the orderly continuation of its business and for the payment of expenses related to its Chapter 11 case.
A final hearing is scheduled for Sept. 3.
Entegra, a Tampa, Fla., owner and operator of power plants, filed for bankruptcy Aug. 4. The Chapter 11 case number is 14-11859.
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