TPI Gets Interim Court Approval for $82.5m DIP Financing

The US Bankruptcy Court for the Southern District of Texas approved all first-day motions filed by TPI Composites in its voluntary chapter 11 proceedings, including interim approval for up $82.5m debtor-in-possession financing from its senior secured lenders.

• Approvals provide co. with the operational flexibility and liquidity necessary to continue normal business operations during the chapter 11 process
• NOTE: TPI Starts Ch. 11 Process, in Pact for $82.5m DIP Funding

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