Thursday, August 30, 2012

Arcapita seeking $150MM - $200MM in Shari'ah-compliant DIP financing

For those readers who do not follow me on Twitter, here are a few tweets relating to the motion (PDF) filed by Arcapita requesting permission to pay $500,000 in expenses to an as-yet unnamed financing partner for $150MM - $200MM in Shari'ah-compliant debt financing, which Arcapita says is the first such debt (Shari'ah-compliant within a Chapter 11 bankruptcy). 

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