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Entegra wins final approval to use secured parties’ cash collateral
By Caroline Salls
Pittsburgh, Sept. 3 – Entegra Power Group, LLC received final court approval to use the cash collateral of its pre-bankruptcy secured parties, according to a Sept. 3 filing with the U.S. Bankruptcy Court for the District of Delaware.
The cash collateral use termination date is Jan. 31.
As previously reported, 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.
Entegra, a Tampa, Fla., owner and operator of power plants, filed for bankruptcy on Aug. 4. The Chapter 11 case number is 14-11859.
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