Hollister Construction granted interim access to PNC cash collateral

By Caroline Salls

Pittsburgh, Dec. 12 – Hollister Construction Services, LLC obtained court approval to continue to use the cash collateral of pre-bankruptcy secured lender PNC Bank, NA in an eighth interim order filed Thursday with the U.S. Bankruptcy Court for the District of New Jersey.

Under the order, the cash collateral use will run through the earlier of Dec. 20 and occurrence of a termination event.

A further hearing is scheduled for Dec. 19.

The cash collateral will be used to fund Hollister’s operations while in bankruptcy.

Hollister is a Parsippany, N.J.-based construction company. The company filed bankruptcy on Sept. 11 under Chapter 11 case number 19-27439.

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