Murray Energy Holding Co. – Gets Go Ahead for $200mn of Interim DIP Financing Over Vigorous Objections of Pre-Petition Lenders; Howls About Rushed Financing and First Day Expenses of $101mn

October 30, 2019 – At a first day hearing, the Court hearing the Murray Energy Holding Co. cases has given the Debtors the green light to access $200.0mn of new money, debtor-in-possession ("DIP") financing over the vigorous objections of pre-petition term loan lender Black Diamond Commercial Finance L.L.C. ("Black Diamond"). In its nominally "limited" objection,…