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Debt Financing / Related, Bankruptcy / Related

Newage Inc Receives Court Approval Of First Day Motions

Published: 09/02/2022 22:01 GMT
(NBEV) - Newage, Inc. Receives Court Approval of First Day Motions.
Newage - U.S. Bankruptcy Court for District of Delaware Has Granted Interim Approval for First Day Motions Related to Its Chapter 11 Restructuring.
Newage Inc - Approved Motions Will Support Company's Ongoing Operations During Its Financial Restructuring Process.
Newage Inc - Court Granted Company Access to a Debtor-in-possession Financing Facility of $16 Million Provided by Dip Financing, Llc.
Newage Inc - Court Has Also Authorized Company to Continue Paying Employee Wages and Benefits.
Newage Inc - Newage Can Pay Vendors and Suppliers for Goods and Services Provided After Filing Date on Normal Terms.