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Noranda Aluminum Gets Court Approval to Access $165-Mil. DIP Loan

Tuesday, 15 March 2016 07:31
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Judge Barry S. Schermer on March 11, 2016, entered a final order authorizing Noranda Aluminum Holding Corp., et al., to obtain postpetition financing, consisting of (x) a superpriority, secured, asset-based revolving credit facility in the principal amount of up to $130,000,000, and (y) a new money term loan facility in an aggregate principal amount of up to $35,000,000, and use cash collateral.

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