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Videology obtains final approval to use cash collateral for operations
By Caroline Salls
Pittsburgh, June 4 – Videology, Inc. obtained final court approval to use the cash collateral of its pre-bankruptcy secured parties, according to an order filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
The cash collateral will be used to fund the company’s operations while it is in bankruptcy.
The secured parties with an interest in the cash collateral include Fast Pay Partners LLC, FPP Sandbox LLC, Tennenbaum Capital Partners, LLC and FastPay Roundabout Ltd.
New York-based Videology is a software provider for converged TV and video advertising. The company filed bankruptcy on May 10 under Chapter 11 case number 18-11120.
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