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Former Digital Domain order revision grants forbearance on DIP loan
By Kali Hays
New York, March 12 - DDMG Estate, formerly Digital Domain Media Group, Inc., was granted forbearance on its debtor-in-possession financing under an 11th amendment to the final DIP financing order, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.
The amendment requires that the DIP agent and lenders forbear from exercising any default remedies through March 28.
During the forbearance period, DDMG is still allowed full access to its cash collateral.
Digital Domain is a Port St. Lucie, Fla.-based media company. The company filed for bankruptcy on Sept. 11, 2012. The Chapter 11 case number is 12-12568.
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