Satcon cash collateral order appealed by creditor Silicon Valley Bank

By Caroline Salls

Pittsburgh, Dec. 11 - Satcon Technology Corp. secured creditor Silicon Valley Bank has appealed a court order approving the company's use of cash collateral, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

Satcon, a Boston-based provider of utility-grade power conversion solutions for the renewable energy market, filed for bankruptcy on Oct. 17. The Chapter 11 case number is 12-12869.

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