Grupo Hima gets approval of amended, increased DIP financing

By Sarah Lizee

Olympia, Wash., Oct. 30 – Grupo Hima San Pablo Inc. received approval to increase its $7 million debtor-in-possession facility to $9 million, according to an order filed Friday with the U.S. Bankruptcy Court for the District of Puerto Rico, according to an order filed Friday.

The official committee of unsecured creditors filed an objection to the motion on Wednesday, but the objection was resolved after adjustments were made to the proposed budget.

The challenge deadline for the committee was also extended through Nov. 30.

Alter Domus (US) LLC is the administrative agent and collateral agent and prepetition secured lender Island Healthcare LLC is the lender, as previously reported.

The Caguas, Puerto Rico-based health care services company filed bankruptcy on Aug. 15 under Chapter 11 case number 23-02510.

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