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OCZ cash collateral use extended to allow power supply business sale
By Caroline Salls
Pittsburgh, Jan. 29 - OCZ Technology Group, Inc.'s cash collateral use was extended to allow it to administer its estates while completing a sale of its power supply business, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.
The cash collateral use was extended to the earlier of Feb. 7 and the completion of the power supply business sale.
The company said its pre-bankruptcy secured parties consented to the extension.
OCZ, a Sunnyvale, Calif.-based producer of computer memory and components, filed for bankruptcy on Dec. 2. The Chapter 11 case number is 13-13126.
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