View receives final approval of $17.5 million DIP financing

By Sarah Lizee

Olympia, Wash., April 24 – View, Inc. received final approval of a $17.5 million debtor-in-possession facility provided by existing lenders, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

As a reminder, the company has entered into a restructuring support agreement with Cantor Fitzgerald, LP, RXR Realty and other stakeholders.

The RSA contemplates that the DIP facility may be rolled into an exit facility.

Cantor Fitzgerald Securities is the agent for the DIP facility, which is set to mature in 90 days and bear interest at SOFR plus 750 basis points, payable monthly in cash, provided that the debtors may pay interest in kind at SOFR plus 1,400 bps. There is a 3% closing fee and a 2% commitment fee.

View is a smart building technologies company based in San Jose, Calif. The company filed bankruptcy on April 2 under Chapter 11 case number 24-10692.

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