Maurice Sporting Goods Inc., a privately owned distributor of outdoor sports equipment that has filed for bankruptcy, received permission Tuesday to access a financial lifeline that is intended to keep it afloat as it moves to complete a sale of the business before Christmas, WSJ Pro Bankruptcy reported. Bankruptcy Judge Christopher Sontchi of the U.S. Bankruptcy Court in Wilmington, Del., approved Maurice’s request to begin drawing from a $17.4 million bankruptcy loan provided by the company’s senior lender, BMO Harris Bank N.A. The order allows Maurice immediate access to up to $13.39 million on an interim basis. The court also signed off on other requests that will allow Maurice to keep the lights on as it eases into chapter 11.
