PG&E Corporation – Seeks Authorization for $5.5bn in DIP Financing, Needs $1.5bn NOW

January 29, 2019 – The Debtors filed a motion requesting Court authority to access $5.5bn of debtor-in-possession (“DIP”) financing comprised of three components: (i) a DIP revolving credit facility with aggregate commitments of $3.5 bn, including a DIP letter of credit (L/C) sub-facility in an aggregate amount of $1.5 billion (b) a DIP term loan…