Approved to obtain interim financing authority, to maintain existing cash management systems, and to pay vendors and suppliers in the ordinary course of business.
Coach America files for Chapter 11
Decision was made with a focus on reducing its debt and advancing the best interests of the company and its stakeholders. Coach America has obtained a commitment for $30 million in financing, subject to approval by the Bankruptcy Court, which will support the company's fleet investment and help ensure the continuation of normal operations.
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