Epic granted final court OK to access $9.5 million in financing

By Caroline Salls

Pittsburgh, Oct. 4 – Epic Cos., LLC received final court approval to access $9.5 million in debtor-in-possession financing from White Oak Global Advisors, LLC, according to an order filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

The DIP facility will mature on the earlier of the closing of the company’s asset sale and Nov. 11.

Interest will accrue at a rate of 10%, payable in cash.

Epic is a Houston-based full-service provider to the global decommissioning, installation and maintenance markets. The company filed bankruptcy on Aug. 26 under Chapter 11 case number 19-34752.

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