PTC seeks DIP reconsideration (Dealscape

PTC Alliance Corp. is scheduled to hit the auction block next month, but the twice-bankrupt maker of steel tubing hopes it will have enough financing to get there in one piece.

The Wexford, Pa., company is set for a Thursday hearing during which it will ask Judge Christopher Sontchi of the U.S. Bankruptcy Court for the District of Delaware in Wilmington to reconsider a ruling he made last week rejecting the company's $15 million debtor-in-possession loan.

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NOT A SUBSCRIBER? PTC seeks DIP reconsideration Posted on November 10, 2009 6:00 PM PTC Alliance Corp. is scheduled to hit the auction block next month, but the twice-bankrupt maker of steel tubing hopes it will have enough financing to get there in one piece. The Wexford, Pa., company is set for a Thursday hearing during which it will ask Judge Christopher Sontchi of the U.S. Bankruptcy Court for the District of Delaware in Wilmington to reconsider a ruling he made last week rejecting the company's $15 million debtor-in-possession loan. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 322 in-depth reports of Bankruptcy Auctions in the Manufacturing sector 247 company pages related to Steel 45 in-depth transaction records for CIT Group 24 articles related to PTC Alliance Corp. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Validus Partners Evercore Partners Fenway Partners JHP Development Lazard Bain Capital Silver Point Capital Greenhill & Co.		EXISTING USERS Username Password Forget your password? Missing a product?

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