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Eye Care Leaders seeks approval of $8 million DIP financing
By Sarah Lizee
Olympia, Wash., Jan. 24 – Eye Care Leaders Portfolio Holdings, LLC is seeking approval of an $8 million debtor-in-possession facility, according to a motion filed Tuesday with the U.S. Bankruptcy Court for the Northern District of Texas.
The lender is Create Capital, LLC.
The facility is set to mature on July 31 and bear interest at a fixed rate of 15% per annum, accruing monthly, payable in arrears and payable in kind.
The company is seeking interim access to $1.3 million of the facility.
Eye Care Leaders is also seeking approval to use the cash collateral of the lender.
Eye Care Leaders is a Durham, N.C.-based practice management software provider for eye doctors. The company filed bankruptcy on Jan. 16 under Chapter 11 case number 24-80001.
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