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  • Bankruptcy Court Approves $25M In Financing For Shipping Company OSG

02/21/2013 01:20:39 PM EST

Bankruptcy Court Approves $25M In Financing For Shipping Company OSG

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LexisNexis® Mealey's™ Bankruptcy Legal News

WILMINGTON, Del. - The bankruptcy judge presiding over the Chapter 11 proceeding of Overseas Shipholding Group Inc. (OSG) on Feb. 5 issued two orders approving post-petition financing, also known as debtor-in-possession (DIP) financing, worth $25 million (In Re: Overseas Shipholding Group Inc., No. 12-20000, Chapter 11, D. Del. Bkcy.).Full story on lexis.com