Raser Technologies final DIP loan approval draws appeal from Evergreen

By Caroline Salls

Pittsburgh, June 15 - The final court order approving Raser Technologies, Inc.'s debtor-in-possession financing has been appealed by Evergreen - FE Lightning Dock, LLC, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the company received court approval of the $8.75 million DIP loan on June 2.

Provo, Utah-based Raser is a technology licensing and development company focused on geothermal power generation. The company filed for bankruptcy on April 29, and its Chapter 11 case number is 11-11315.

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