Genmar vendor checks to be honored

[EB News Bot]

According to the debtor-in-possession financing arrangement, Wells Fargo will honor any check written to vendors between now and the closing of the sale of Genmar Holdings' assets, and any check that clears after closing will be honored by Platinum Equity, said David Steichen, a restructuring officer in the Genmar case.

http://feeds.feedburner.com/~r/tradeonlyboatingnewsformarineindustryprofessionals/~4/ybSBFuTdbyQ

More... (http://feedproxy.google.com/~r/tradeonlyboatingnewsformarineindustryprofessionals/~3/ybSBFuTdbyQ/502132-genmar-vendor-checks-to-be-honored)