Payless Holdings – Seeks $25mn in DIP Financing, $17mn on Interim Basis, to Purchase Augmentation Inventory for Store Closing Sales

February 22, 2019 – The Debtors requested Court authority to access $25mn in debtor-in-possession (“DIP”) financing, $17mn on an interim basis; with the financing to be used to purchase augmentation inventory to further maximize proceeds being generated during the Debtors’ store closing sales [Docket No. 216]. The DIP motion states, “The proposed DIP Facility and…