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Article: Muzak Receives Court Approval of All 'First Day' Motions.
- Article from:
- PR Newswire
- Article date:
- February 12, 2009
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Receives Court Approval to Use Over $20 Million of Cash On Hand to Fund Operations
Court Authorizes Payment of All Employee Wages and Benefits
Operations to Continue Uninterrupted
FORT MILL, S.C., Feb. 12 /PRNewswire/ -- Muzak Holdings LLC and certain of its subsidiaries (together, the "Company"), today announced the approval by the United States Bankruptcy Court for the District of Delaware (the "Court") of all of the Company's first day motions, that will allow for the continuation of normal operations during Muzak's Chapter 11 financial restructuring.
The Court approved the Company's agreement with its lenders to access its over ...