Scrubs Maker Careismatic Gets $125 Million Bankruptcy Loan

Careismatic Brands, a medical-scrubs maker that filed for bankruptcy on Monday, won approval to start drawing on a $125 million loan to help finance its bankruptcy.

• US Bankruptcy Judge Vincent Papalia approved the motion for the financing, which includes 18% in fees
• “It’s a big number,” Chad Husnick, an attorney with Kirkland & Ellis who represents the company, said referring to the fee in a hearing on Wednesday
  • “But we believe the fees at the end of the day are the best available terms that we’re able to get in the market today,” he added
• The company, which ...