Tag Archives: Exide DIP loan

EXIDE BANKRUPTCY UPDATE: Copy available of court-approved Final Order for Exide’s DIP Loan; Hearing transcript not available “remotely” until late October


Click here to read PDF of approved Final Order for Exide’s $500 million DIP loan, etc.   According to this notice, a transcript of the hearing is available now only by going to the country clerk’s office in Delaware. “Electronic Remote Access” to the transcript will not be available until Oct. 24, 2013, unless extended by […]

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BREAKING NEWS: Judge gives bankrupt Exide final approval for $500M DIP loan despite objections from City of Frisco, TCEQ, 10 states, EPA, Department of Justice due to concerns that city, state and U.S. taxpayers will be left to pay for cleanup of toxic contamination at Exide facilities; Frisco cleanup costs now range between $15 million and $130 million; How will Exide deal with its environmental liabilities in this second bankruptcy?

Exide - Who Will Pay for Cleanup?

  Exide received final Bankruptcy Court approval today of its $500 million debtor-in-possession (DIP) financing provided by JPM Chase and a group of lenders to whom the DIP financing was syndicated. This final approval came in spite of objections filed by entities ranging from the City of Frisco, the TCEQ, environmental agencies from California, Florida, […]

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