17.7 Dura Automotive emerged from Chapter 11 protection in mid-2008. The firm obtained exit financing consisting of

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17.7 Dura Automotive emerged from Chapter 11 protection in mid-2008. The firm obtained exit financing consisting of a $110 million revolving-credit facility, a $50 million European first-lien term loan, and an $84 million US second-lien loan. The reorganization plan specified how a portion of the proceeds of these loans would be used. What do you believe might be typical stipulations in reorganization plans for using such funds? Be specific.

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