By Leslie A. Pappas (June 30, 2022, 8:55 p.m. EDT) – The company behind a scuttled project to build a new headquarters and training facility for the Carolina Panthers failed Thursday to gain final approval for a $20 million loan to fund its Chapter 11 bankruptcy after a Delaware judge found too many problems with the funding documents.
U.S. Bankruptcy Judge Karen B. Owens says debtor GT Real Estate Holdings LLC demonstrated need for debtor financing in possession of DT Sports Holding, an entity ultimately controlled by the owner of the Panthers , David Tepper, and there was no evidence that the lender offered the financing in bad faith.
But she found…
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