Chassix Holdings Inc. received bankruptcy court approval to access $250 million in debtor-in-possession financing, Crain’s Detroit Business reported on Saturday. The Southfield, Mich.-based automotive supplier filed for chapter 11 protection on March 12. The company, wholly owned by Tom Gores’ Platinum Equity LLC, filed a pre-packaged restructuring plan with support from 80 percent of its unsecured bondholders and 71.5 percent of its secured bondholders. The bondholders represent about $525 million in creditor claims of its $556.7 million in total debt. Chassix has $34.3 million in assets, according to a court filing.
