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August 7, 2018 – The Court hearing the RM Holdco case has authorized (i) the Debtors’ request for interim debtor-in-possession (“DIP”) financing of up to $1.6 million (this a reduction from the $3 million requested in Debtors’ motion, and (ii) the Debtors’ use of cash collateral [Docket No. 53]. The financing will bear an interest rate of 8.5% for any DIP Term Loans funded to the Borrower, payable in cash.
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