Former Bumble Bee trustee gets interim access to cash collateral

By Sarah Lizee

Olympia, Wash., Dec. 13 – Old BBP, Inc., formerly Bumble Bee Parent, Inc., Chapter 7 trustee Don A. Beskron received interim approval to use cash collateral of the company’s secured term loan lenders, according to an order filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

Brookfield Principal Credit, LLC is the administrative agent and collateral agent for the term loan lenders.

Bumble Bee is a San Diego-based shelf-stable seafood supplier. The company filed bankruptcy on Nov. 21, 2019 under Chapter 11 case number 19-12502. The case was converted to Chapter 7 on Jan. 26, 2021.

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