White Star Petroleum Holdings – Seeks $28.5mn in DIP Financing From First Lien Prepetition Lenders, $15.0mn on Interim Basis, and Use of Cash Collateral

May 28, 2019 – The Debtors requested Court authority to (i) access $28.5mn in debtor-in-possession (“DIP”) financing ($15.0mn on an interim basis) to be provided by certain of the Debtors' prepetition first lien lendersFN1 (those same lenders having precipitated the Debtors' Chapter 11 filings by declaring an event of default and and sweeping up $8.1mn…