Furniture Brands Gets Nod For $140M DIP, Employee Bonuses

Furniture Brands Gets Nod For $140M DIP, Employee Bonuses

A Delaware bankruptcy judge gave final approval for Furniture Brands International Inc.'s $140 million post-petition loan Friday from KPS Capital Partners LP and allowed the debtor to dole out millions of dollars in executive and employee bonuses, despite the objections of the U.S. Trustee.

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