September 15, 2017 / 7:52 PM / a year ago

Court approves loan of up to $25 mln for bankrupt Vitamin World

Vitamin World Inc received initial court approval on Friday to borrow up to $25 million it said it urgently needs to cover its day-to-day expenses while it works on restructuring in bankruptcy.

The order signed by Judge Kevin Carey of the U.S. Bankruptcy Court in Delaware came a day after he heard arguments from Vitamin World for its opening motions in the Chapter 11 bankruptcy it filed on Sept. 11.

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