Mealey's Bankruptcy - Bankruptcy Judge Approves $1.55 Billion Financing Deal For W.R. Grace

WILMINGTON, Del. - A Delaware federal bankruptcy judge on Jan. 28 ruled that Chapter 11 debtor W.R. Grace & Co. can obtain up to $1.55 billion in financing from a dozen banks and financial institutions to support the company's operating needs as it emerges from bankruptcy (In re: W.R. Grace & Co., et al., No. 01-01139, D. Del. Bkcy.).

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