Hussey Copper DIP financing extended to Dec. 19 to allow sale closing

By Caroline Salls

Pittsburgh, Dec. 13 - Hussey Copper Corp. received court approval to extend its $5 million debtor-in-possession credit facility to Dec. 19 from Dec. 12, according to documents filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The company said it needs the extension to facilitate the closing of the sale of substantially all of its assets.

Hussey will pay a $20,000 per-day non-refundable amendment fee until the earlier of Dec. 19 and the sale closing date.

Hussey, a Leetsdale, Pa.-based copper products manufacturer, filed for bankruptcy on Sept. 27. Its Chapter 11 case number is 11-13010.

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