GenesisCare Gets OK For $20M DIP Funding Hike

By Vince Sullivan · December 6, 2023, 7:45 PM EST

Troubled hospital owner GenesisCare received approval Wednesday in Texas court for a refinancing of its bankruptcy loan package that will provide $20 million in additional financing, defeating an objection from a secured...

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Bankruptcy Scorecard

Summary

Australian cancer care provider GenesisCare hit Chapter 11 in June 2023 with $1.7 billion in secured debt. In November, it received approval of a bankruptcy plan that aims to cut $1.5 billion off its balance sheet.

Case Number

4:23-bk-90614

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the Northern District of Alabama

Capital Structure

Total Liabilities:

$1.7 billion

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Related Sections

Case Information

Case Title

Genesis Care Pty Limited

Case Number

4:23-bk-90614

Court

Texas Southern

Nature of Suit

Date Filed

June 01, 2023

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