Bankruptcy financing gets pricier and more elusive »
Posted By STONERS 8 months, 3 weeks ago in Business & FinanceFinancing is getting pricier and more elusive for companies that file for bankruptcy.
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STONERS8 months, 3 weeks ago
"As companies head into bankruptcy, they are finding they have few assets that have not already been promised as collateral to lenders, making it difficult to secure DIP financing. In addition, the tight credit markets that may have helped drive them into bankruptcy are limiting the availability of loans after they file."
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"I think the fact that DIP financing is more difficult to get is an absolute truism."
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