Garden Ridge gets extension.(Retail Briefs)(Brief Article)
Home Textiles Today, January, 2005
A bankruptcy court has approved an agreement with Bank of America and General Electric Capital Corporation for an extension of Garden Ridge's debtor-in-possession (DIP) financing on terms more advantageous to the company, according to Garden Ridge. All objections to the motion for approval of the extension were withdrawn prior to the hearing.
Bank of America and General Electric Capital Corporation have also provided a proposal to Garden Ridge for exit financing under terms that are more favorable than the existing DIP agreement.
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