MTE secures further access to cash collateral; final hearing May 1

By Caroline Salls

Pittsburgh, April 3 – MTE Holdings LLC obtained a sixth interim order granting it access to the cash collateral of Natixis, New York Branch, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The final hearing is scheduled for May 1.

MTE said it needs to use the cash collateral for working capital and general corporate purposes and to preserve the value of its assets.

The company’s access to cash collateral under the sixth interim order will expire at 5 p.m. ET on May 1.

MTE is a Midland, Tex.-based holding company. The company filed bankruptcy on Oct. 22 under Chapter 11 case number 19-12269.

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