PG&E Corporation – Public Entities Object to DIP Financing, Citing Issues with Giving DIP Lenders First Lien on Avoidance Actions and Superpriority Administrative Expense Claim

February 20, 2019 – A group of representative governmental bodies of communities that were impacted by the 2017 Northern California Wildfires and the 2018 Camp Fire (the “Public Entities”) objected [Docket No. 494] to the Debtors' proposed $5.5bn debtor-in-possession (“DIP”) credit facility [Docket No. 23]. The Public Entities objection was subsequently joined by the SLF…