Earlier this week, Bankruptcy Judge James Carr (Southern District of Indiana) entered an order granting interim approval of a portion of Cereplast’s requested debtor-in-possession financing facility. A copy of the interim order is embedded below.
Additionally, the interim DIP order attaches as an exhibit a revised budget for Cereplast’s operations. This marks the third recent filing which projects Cereplast’s operating results on a going-forward basis. Copies of all three – the budget attached to the DIP financing motion (filed 2/27), Cereplast’s projected income statement (filed 3/5), and the new budget attached to the interim DIP financing order (filed 3/10) – are embedded below.
Links to our other blog posts regarding the Cereplast bankruptcy:
- Read a Copy of Cereplast’s Motion to Continue the Hearing on its Proposed Interim DIP Financing & Conversion of its Case to Chapter 7
- Read a Copy of Correspondence from Counsel to Horizon Technology Finance to Counsel to Cereplast (dated March 13)
- Read a Copy of Correspondence from Counsel to Cereplast to Counsel to Horizon Technology Finance (dated March 14)
- Read a Copy of Horizon Technology Finance’s Supplement to its Motion to Convert Cereplast’s Chapter 11 Case to Chapter 7
- Read a Copy of Ironridge Technology’s Preliminary Objection to Cereplast’s Debtor-in-Possession Financing Motion
- Read a Copy of Cereplast’s Interim Debtor-in-Possession Financing Order
- Cereplast Bankruptcy Update: Interim DIP Financing Order Entered & Financial Information Comparison
- Secured Creditor Horizon Technology Finance Corp. Objects to Cereplast’s DIP Financing Motion
- Secured Creditor Horizon Technology Finance Corp. Objects to Cereplast’s Motion to Pay its Employees
- Cereplast, Inc. Files Schedules of Assets & Liabilities, Statement of Financial Affairs
- Cereplast Seeks Approval of Debtor-in-Possession Financing Facility