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HRP Myrtle Beach looks to extend DIP loan maturity through Dec. 15
By Caroline Salls
Pittsburgh, Nov. 17 - HRP Myrtle Beach Holdings, LLC requested court approval to extend the maturity on its $2 million debtor-in-possession facility to give the company funding through the completion of its asset sale, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.
Specifically, the DIP lenders have agreed to extend the maturity to the earlier of Dec. 15 and the completion of the asset sale, from Oct. 31.
A hearing is scheduled for Nov. 20.
HRP is the Myrtle Beach, S.C.-based parent of Hard Rock Park. The company filed for bankruptcy on Sept. 24, and its Chapter 11 case number is 08-12193.
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