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Tag Archives | debtor in possession dip financing

Judge: Dodgers must accept MLB loan

A Delaware bankruptcy judge held that the Los Angeles Dodgers owner Frank McCourt must negotiate with MLB over the terms of a loan, citing the more favorable terms of the deal. McCourt had arranged $150 million in Debtor-in-Possession (DIP) financing from a JP Morgan hedge fund, Highbridge Capital, under some pretty onerous terms — 10+% interest, […]

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Bankruptcy court denies Dodgers document request — for now

Delaware bankruptcy Judge Kevin Gross denied a request by Los Angeles Dodgers attorneys to have Major League Baseball produce a wide-ranging set of documents designed to show Bud Selig treated Frank McCourt differently than other MLB owners. Not a complete surprise. The Los Angeles Dodgers are seeing bankruptcy protection and have arranged $150 million in […]

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