Norcold LLC Files For Bankruptcy, Gets $13m DIP Financing (1)

Norcold LLC files for Chapter 11 bankruptcy protection in Delaware, according to a court filing.

• Estimated liabilities: $100m-$500m
• Estimated assets: $10m-$50m
• In a separate company statement, Norcold will facilitate a sale of its assets to Dave Carter & Associates
  • Sale transaction with DCA will be subject to a court-approved process
  • Co. reached an agreement with DCA to provide $13m of new capital in form of DIP financing facility
  • Financing facility is expected to provide sufficient liquidity to operate business during the pending of the chapter 11 cases

(Updates with company statement.)

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