EZ Lube final DIP loan hearing pushed back to Jan. 12

By Jennifer Lanning Drey

Portland, Ore., Jan. 5 - EZ Lube, LLC's hearing for final approval of its proposed $62.48 million debtor-in-possession financing agreement was postponed to Jan. 12, according to a filing with the U.S. Bankruptcy Court for the District of Delaware.

The hearing was originally scheduled for Jan. 5.

As previously reported, EZ Lube's official committee of unsecured creditors objected to the DIP loan, claiming it aimed to mandate a sale of substantially all of EZ Lube's assets and pronounce the company in default of the loan.

EZ Lube, a Santa Ana, Calif.-based quick lube operator, filed for bankruptcy on Dec. 9. Its Chapter 11 case number is 08-13256.

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