Bang Energy Gets $34 Million Lifeline Over Monster’s Objection

A bankruptcy judge on Thursday said Bang Energy can tap $34 million of a new $100 million credit line to keep it afloat, sidestepping an objection from the energy drink maker’s larger rival, Monster Beverage Corp.

Bang, which filed for bankruptcy this week, will use the fresh cash to help pay its bills while searching for a more permanent solution to its legal and financial woes. Bang is getting the loan from a group of banks to which it already owes more than $350 million.

Monster voiced concern about details of the loan in a bankruptcy hearing Thursday, arguing ...