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Metalforming amends DIP to use cash collateral through Sept. 30
By Caroline Salls
Pittsburgh, April 3 - Metalforming Technologies Inc. obtained court approval of the sixth amendment to its debtor-in-possession financing, allowing the company to continue to use its cash collateral through Sept. 30 as part of its wind-down efforts, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.
The court also approved an amended budget to allow for the continued use of cash collateral.
The budget and use of cash collateral were set to expire on March 31.
Metalforming, a Chicago-based automobile parts manufacturer, filed for bankruptcy on June 16. Its Chapter 11 case number is 05-11697.
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