date:Mar 24, 2014
offer.
An auction will be held on 17 April, with court approval expected to come on 21 April.
The company's lending group led by Crystal Financial has committed to provide $60m in debtor-in-possession (DIP) financing.
Quantum Foods plans to use the proceeds to fund its ongoing operations, including purchase of goods and services from suppliers and to pay suppliers.
On 18 February, the company filed for bankruptcy protection in the District of Delaware, to secure financing for continuing its