PTC Alliance gets additional financing for Ch. 11 process

By Maria GuzzoPublished: Nov 19 2009 3:25PM

PTC Alliance Corp. has obtained additional financing to assist in funding its Chapter 11 bankruptcy restructuring.

Bankruptcy court judge Christopher S. Sontchi authorized the Wexford, Pa.-based company to obtain up to $3 million in debtor-in-possession financing from "stalking horse" bidder Black Diamond Capital Management LLC. PTC Alliance...

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