SP Newsprint Holdings LLC wants permission to increase its bankruptcy loan to $67 million, saying that it needs the extra money to close the proposed sale of its assets, Dow Jones DBR Small Cap reported on Friday. The struggling newsprint company controlled by Interview and Art in America publisher Peter Brant is poised to hand its assets to its lenders under a $145 million deal composed mostly of debt forgiveness. But that transaction now hinges on the company's ability to access crucial extra funding, SP Newsprint said in court papers filed on Thursday.
