Incentra Solutions DIP loan hearing pushed back

By Jennifer Lanning Drey

Portland, Ore., Feb. 23 - Incentra Solutions, Inc.'s hearing for approval of its proposed debtor-in-possession financing was adjourned to Feb. 26 by the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the company's existing lenders have agreed to provide DIP financing to ensure uninterrupted operations of the business during bankruptcy. The DIP advances will be based on a budget, with total cash disbursements expected to be $5.19 million at April 3.

Based in Boulder, Colo., Incentra is a data management company focused on the broadcasting and information technology sector. The company filed for bankruptcy on Feb. 4. Its Chapter 11 case number is 09-10368.

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