Katerra receives court approval to access $25 million of DIP facility

By Sarah Lizee

Olympia, Wash., June 10 – Katerra, Inc. received interim approval to access $25 million of a $35 million debtor-in-possession facility from SB Investment Advisers (UK) Ltd., according to a minute entry filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

The facility is set to mature 75 days after closing and will bear interest at 10%, as previously reported.

Katerra is a technology-enabled construction company based in Menlo Park, Calif. The company filed bankruptcy on June 6 under Chapter 11 case number 21-31861.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.