A judge yesterday approved a $150 million financing package for Longview Power LLC that the company hopes will keep it afloat as it marches toward an exit from bankruptcy as soon as early 2014, Dow Jones Newswires reported yesterday. Bankruptcy Judge Brendan Shannon approved the pact, which calls for lenders holding more than 60 percent of Longview's senior debt to provide new financing for Longview, so it can fix its power plant and continue with its restructuring. The debtor-in-possession loan comes amid an ongoing fight between Longview and the contractors who built its now troubled coal-fired power plant.
