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Chassix Receives Final Authorization to Access $250 Million in DIP Financing

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SOUTHFIELD, Mich.--(BUSINESS WIRE)--Chassix Holdings, Inc. (“Chassix”) today announced that the Company and its U.S. subsidiaries have received approval from the United States Bankruptcy Court for the Southern District of New York (the “Court”) to access the full amount its $250 million in committed debtor-in-possession (“DIP”) financing. The Company had previously received interim approval from the Court to access up to $205 million of the DIP financing. The Court also granted final approval f

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