Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hospitality Staffing Solutions Group, LLC > News item |
Hospitality Staffing's $7 million DIP facility gets final approval
By Jim Witters
Wilmington, Del., Nov. 21 - Hospitality Staffing Solutions Group, LLC received final approval for a $7 million debtor-in-possession facility from HSS DIP, LLC, according to a Nov. 21 filing with the U.S. Bankruptcy Court for the District of Delaware.
The financing will mature on the earlier of three months from the date of the interim order and either a plan of reorganization effective date or completion of a sale.
Interest is 13%.
Hospitality Staffing, an Atlanta-based provider of hospitality staffing services to hotels, resorts and casinos, filed for bankruptcy on Oct. 24. The Chapter 11 case number is 13-12740.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.