Bumble Bee Parent, Inc. – Interim DIP Financing Order Provides for $40mn New Money Term Loan, $187mn Roll-Up of Pre-Petition ABL Debt

November 25, 2019 – The Court hearing the Bumble Bee Parent cases issued an order authorizing the Debtors to (i) access $240.0mn of debtor-in-possession (“DIP”) financing and (ii) use cash collateral [Docket No. 68]. The approved DIP financing consists of (a) $40.0mn of what will ultimately be an $80.0mn, new money, multiple draw term loan…