Re: New 3/15 Monitors report
posted on
Mar 15, 2012 06:42PM
I would hope that means they already sorted out the DIP winner but is discussing with the noteholders to buy in so that it will be easily approve on the court. So we are still within the dip process but only working to wrap things up not determining what dip to go for.
Even with dip financing but if our major creditors do not buy in, the process couldn't be done. I always believe that there is so much behind the scene happening before everything are put in front of the court.