Krause's gets $15M in DIP financing

Engel, Clint
August 2001
Furniture/Today;8/20/2001, Vol. 25 Issue 49, p10
Trade Publication
Reports the approval of the debtor-in-possession (DIP) financing package for Brea, California-based Krause's Furniture by the United States Bankruptcy Court. Purchase plans for the remaining Krause stakes by an investor group; Approval of the DIP financing from Congress Financial Corp.; Amount of the available borrowings based on value of eligible collateral.


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