ABA Section of Business Law
eSource
Feasibility: Delphi, Dura and Solutia: The Impact of DIP Loans, Exit Financing and Emerging from Chapter 11.
- Instability in the credit markets has lead to a variety of terms and conditions in exit financing. The panel addresses several of these terms in recent chapter 11 cases. Each case and relevant terms will be analyzed, highlighting the positives and negatives of the various forms of exit financing. The panel also discusses feasibility of the different forms pursuant to 11 U.S.C. §1129(a)(11) as well as strategies for confirmation.
