Former Digital Domain’s forbearance extended with DIP loan amendment

By Caroline Salls

Pittsburgh, Feb. 26 – The former Digital Domain Media Group, Inc.’s forbearance period was extended under a 27th debtor-in-possession financing amendment, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, DDMG Estate’s forbearance period, during which the DIP loan agent and lenders will not enforce any default-related rights, was extended to the earlier of April 1 and the occurrence of a termination event other than the DIP financing maturity date.

Digital Domain is a Port St. Lucie, Fla.-based media company. The company filed for bankruptcy on Sept. 11, 2012 under Chapter 11 case number 12-12568.

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