Bennu Titan Trustee Seeks $25M DIP Loan To Fund Sale Plan

By Vince Sullivan ( December 21, 2016, 3:55 PM EST) -- The Chapter 11 trustee appointed to oversee oil driller Bennu Titan LLC asked the Delaware bankruptcy court for permission Tuesday to borrow $25 million in post-petition funds to finance a plan to market and sell the company's Gulf of Mexico drilling platform within nine months. . . .

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