Fri 04/12/2024 11:40 AM
DIPs in prepackaged chapter 11 cases are on the rise, as reflected in data from
Reorg’s Credit Cloud database. In fact,
every prepackaged bankruptcy case so far this year has included DIP financing. This was not always the case; the chart below shows, over time, the percentage of prepackaged bankruptcy cases that included DIP financing:
From 2016 to 2021, 54% of prepacks included DIP financing. Since 2022, 74%...
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