Terms of the debt for equity swap by the company’s note holders will keep the existing asset based loan of $112 million in place with no paydown through the bankruptcy proceedings and also provide an additional $100 million in a new DIP facility from the First Lien holders and another $50 million from the Third Lien holders. It also establishes a litigation trust with $5 million to deal with unsecured claims, which will be assumed by the operating company ... Log in to view full article.