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Diamond Expects to End Month with Cash Balance of More Than $2 Million, According to Court Documents

Diamond Glass, which filed for bankruptcy on April 1, expects to have a cash balance of $2,271,000 as of April 25, according to court documents filed in the U.S. Bankruptcy Court for the District of Delaware late yesterday. Diamond notes that it began on April 4 with $1,394,000 in cash.

The company also expects to increase its cash receipts from $3,095,000 on April 4 to $3,689,000 on April 25.
With regard to its debtor-in-possession loan balance from Guggenheim Corporate LLC, Diamond reports a balance of $34,702,000 as of April 4, with a projected balance of $37,071 as of April 25.

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