A123 Systems (AONE) Rips Higher on $50M DIP Court Approval
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A123 Systems (AONE) Gets Interim Court Approval to Use $50M DIP Financing
November 6, 2012 7:03 AM UTCA123 Systems, Inc. (Nasdaq: AONE) announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession ("DIP") financing, which is being provided by Wanxiang Group Corporation ("Wanxiang"). The financing supplements the pre-petition $22.5 million of liquidity and letter of credit support... More
A123 Systems (AONE) Obtains $50M Bankruptcy Loan from Wanxiang
November 5, 2012 3:21 PM UTCA123 Systems, Inc. (NASDAQ: AONE) received approval for a $50 million bankruptcy loan from Wanxiang Group, according to Blooomberg.... More
