Legislation360 (Might 21, 2020, 7:05 PM EDT) — Exide Applied sciences LLC’s second Chapter 11 prior to now decade is off to a contentious begin as a Delaware choose Thursday gave his nod for Exide to make use of lender cash collateral and as much as $40 million in debtor-in-possession financing, regardless of sturdy opposition from sure secured lenders.Throughout a listening to held by way of phone, U.S. Chapter Decide Christopher S. Sontchi overruled objections made by Bank of America NA, the executive agent for roughly $100 million in asset-based secured debt owed by the worldwide battery maker and recycler, to the DIP provisions and nonconsensual use of its cash collateral.”These are troublesome occasions, and…
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