Skip to main content

Exide Seeks 65 Million More on Bankruptcy Loan

Submitted by webadmin on

Exide Technologies wants to borrow $65 million more from its bankruptcy lenders, money that could carry the battery maker through its busy fall and winter seasons as it pursues a new restructuring plan, Dow Jones Daily Bankruptcy Review reported today. In a filing made last Thursday with U.S. Bankruptcy Court in Wilmington, Del., Exide said that the senior lenders behind its latest reorganization proposal would provide the $65 million so that the company could build its battery inventory.