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Barneys Secures Enough Financing to Pay for Its Inventory

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Bankrupt Barneys New York has received court approval on its $218 million debtor-in-possession financing facility. The approval was granted on Wednesday by Bankruptcy Judge Cecilia Morris in a Poughkeepsie bankruptcy court. According to an affidavit from Saul Burian of Houlihan Lokey, Barneys’ financial advisor, the final facility agreed to by Barneys, its lenders and the…

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