Cereplast Bankruptcy Update: Interim DIP Financing Order Entered & Financial Information Comparison

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: