PG&E Corporation – Tort Claimants Committee Objects to DIP Financing, Citing Outsized Protections for DIP Lenders | Daily Bankrupt Company Updates | Bankrupt Company News

PG&E Corporation – Tort Claimants Committee Objects to DIP Financing, Citing Outsized Protections for DIP Lenders | Daily Bankrupt Company Updates | Bankrupt Company News: March 8, 2019 – The Debtors’ Official Committee of Tort Claimants (the “Committee”) objected to the Debtors’ proposed debtor-in-possession (“DIP”) financing motion [Docket No. 23]. The objection [Docket No. 800] states, “The Debtors and the DIP Lenders propose financing terms that may constitute 'market' terms on Wall Street or in a standard business bankruptcy case,...Continue reading