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Edgemere pushes DIP maturity date two additional weeks
Chicago, Dec. 29 – Northwest Senior Housing Corp., which does business as Edgemere Dallas, reached consensus with its debtor-in-possession lender and bond trustee UMB Bank, NA for a brief extension to the maturity date of its DIP facility, according to a filing with the U.S. Bankruptcy Court for the Northern District of Texas.
The company plans to push the maturity date to Jan. 15, from Dec. 31.
This gives Edgemere access to its cash collateral through the extended date.
Edgemere has also asked for a hearing on Jan. 12 to approve a proposed amendment to the DIP order.
The Dallas-based luxury senior living community filed Chapter 11 bankruptcy on April 14, 2022 under case number 22-30659.
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