Nov 27

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Blog Post: Pension Funds Slam Contractor's Bid For $135M DIP Loan

by Anonymous

A group of employee pension funds urged a New York bankruptcy court on Monday to reject a construction contractor's request for $135 million in debtor-in-possession financing, saying the proposed creation of a new superpriority lien may preclude their ability to collect on a $76 million judgment against the company.
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