Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Prime Trust, LLC > News item |
Prime Trust gets approval of $10 million DIP loan via Polaris Ventures
By Sarah Lizee
Olympia, Wash., Dec. 21 – Prime Trust, LLC secured approval of a $10 million super-priority senior secured debtor-in-possession facility via Polaris Ventures, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
There will be no interest, unless a default occurs, in which case the rate will be 7½%.
The facility is set to mature on Jan. 12.
The Las Vegas-based cryptocurrency custodian filed bankruptcy on Aug. 14 under Chapter 11 case number 23-11161.
© 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.