WCI Receives $150M DIP Financing

25 Sep 2008

The Delaware Bankruptcy Court approved a $150 million debtor-in-possession loan for WCI Communities last week.

The Delaware Bankruptcy Court approved a $150 million debtor-in-possession loan for WCI Communities last week. Wachovia Securities and Bank of America are leading the loan. Pricing could not be determined.

The company, which is a builder of luxury homes in Florida and up the East Coast, filed for Chapter ...

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