Greektown final DIP hearing adjourned to June 25

By Jennifer Lanning Drey

Portland, Ore., June 23 - Greektown Holdings LLC's hearing for final approval of its proposed $150 million debtor-in-possession financing facility was adjourned to June 25, according to a Monday filing with the U.S. Bankruptcy Court for the Eastern District of Michigan.

As previously reported, the company obtained interim access to $51.3 million of the financing on June 5.

Merrill Lynch Capital Corp. is the administrative agent. Merrill Lynch, Pierce, Fenner and Smith Inc. and Wachovia Capital Markets LLC are co-lead arrangers. Wachovia is the syndication agent.

Greektown is a Detroit casino operator. Its Chapter 11 case number is 08-53104.

© 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.