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MTE secures further access to cash collateral; final hearing Jan. 15
By Caroline Salls
Pittsburgh, Dec. 18 – MTE Holdings LLC obtained a second interim order granting it access to the cash collateral of Natixis, New York Branch, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.
The final hearing is scheduled for Jan. 15.
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 second interim order will expire at 5 p.m. ET on Jan. 17.
MTE is a Midland, Tex.-based holding company. The company filed bankruptcy Oct. 22 under Chapter 11 case number 19-12269.
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