MacKeyser wins interim OK of $1.05 million DIP loan; hearing July 16

By Caroline Salls

Pittsburgh, June 25 – MacKeyser Holdings, LLC received interim court approval of its $1.05 million debtor-in-possession facility from Health Evolution Partners I, LP and Series F of Health Evolution Partners Co-Invest, LLC, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The final hearing is scheduled for July 16.

Interest will accrue at the Base rate plus 800 basis points.

The facility will mature on the earliest of 365 days from the bankruptcy filing date, the effective date of a plan of reorganization or liquidation, the closing of a sale of substantially all company assets and the occurrence of an event of default.

Las Vegas-based MacKeyser Holdings and operating affiliates American Optical Services, LLC and Exela Hearing Services, LLC manage integrated eye care and hearing systems providers. The company filed bankruptcy on June 20 under Chapter 11 case number 14-11550.

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