Alpha Guardian wins final OK of $16.75 million financing package

By Caroline Salls

Pittsburgh, March 31 – Alpha Guardian, which does business as Stack-On Acquisition Corp., received final court approval to access $16.75 million in debtor-in-possession financing, according to an order filed Monday with the U.S. Bankruptcy Court for the District of Nevada.

The financing includes a roll-up of $12.75 million in advances made before Alpha Guardian’s bankruptcy filing.

Alpha Bravo Holding Co., Inc. is the DIP lender and administrative agent.

Interest will accrue at 4%, payable in-kind.

The DIP financing will mature 180 days from the bankruptcy filing date. The terms of the financing specify that an event of default will occur if Alpha Guardian’s plan does not take effect by June 30.

Alpha Guardian is a Henderson, Nev., safe and secure storage producer. The company filed bankruptcy on Feb. 24 under Chapter 11 case number 20-11016.

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