LandSource DIP financing order appealed

By Caroline Salls

Pittsburgh, July 31 - LandSource Communities Development LLC's debtor-in-possession financing approval order was appealed Thursday by Sam Hill and Sons, Inc., according to a filing with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the $1.19 billion DIP facility was approved by the court on July 21.

LandSource, a Los Angeles-based developer of master-planned communities, filed for bankruptcy on June 9. It Chapter 11 case number is 08-11111.

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