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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