Legacy Cares extends milestones under DIP credit agreement

By Sarah Lizee

Olympia, Wash., July 31 – Legacy Cares, Inc. extended two milestones under its $9 million debtor-in-possession facility with UMB Bank, NA, according to a notice filed Friday with the U.S. Bankruptcy Court for the District of Arizona.

The deadline to file a plan and disclosure statement was extended to Sept. 13, and the deadline to obtain confirmation of the plan was extended to Nov. 13.

Legacy Cares is a non-profit corporation that owns Legacy Park, formerly known as Bell Bank Park, a 320-acre sports and entertainment complex in Mesa, Ariz. The company filed bankruptcy on May 1 under Chapter 11 case number 23-02832.

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