PES Holdings, LLC – Fire-Ravaged Debtors Seek $100mn in DIP Financing ($65mn on Interim Basis) as They Assess Next Steps

July 22, 2019 – The Debtors requested Court authority to access (i) $100.0mn in debtor-in-possession (“DIP”) financing, including $65.0mn on interim basis, (the “DIP Term Loan”) and (iii) use of cash collateral [Docket No. 37]. The DIP facility as proposed also includes an option to borrow an additional $20.0mn (the "Incremental Facility"). The motion states,…