The company has also stated in a press release that it intends to use to net proceeds from the initial closing that preferred stock offering, along with $100 million to be drawn under the amendment upsize first. The court asked the parties to report back on any consensual resolution by Monday, February 13. Several pro-say creditors opposed the fee applications and also pressed motions to appoint a fee examiner to cases. At the hearing, debtors council said early votes showed overwhelming support with 96% accepting.
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