Vantage Travel, lender, committee agree to cash collateral use terms

By Sarah Lizee

Olympia, Wash., Sept. 15 – Vantage Travel Services, Inc. has reached a stipulation on the use of cash collateral with a prepetition lender and the official committee of unsecured creditors, according to documents filed Thursday with the U.S. Bankruptcy Court for the District of Massachusetts.

The prepetition lender is Henry R. Lewis and the Henry R. Lewis Trust dated Nov. 24, 2004.

The company is permitted to use the cash collateral through Nov. 18.

The debtor’s total spending during the period covered by the budget is projected to be $1.18 million.

Vantage is a Boston-based river cruise, small ship cruise and escorted land tour operator. The company filed bankruptcy on June 29 under Chapter 11 case number 23-11060.

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