Real Industry and Real Alloy Receive Court Approval of First Day Motions
Remitly Global, Inc. (RELY)
US:NASDAQ Investor Relations:
realindustryinc.com
Company Research
Source: Business Wire
Financing in place to support Real Alloy’s U.S. operations All facilities globally operating on schedule NEW YORK--(BUSINESS WIRE)-- Real Industry, Inc. (NASDAQ: RELY) (“Real Industry” or the “Company”) today announced that the Company and Real Alloy Holding, Inc. and its U.S. subsidiaries (“Real Alloy”) have received interim approval from the U.S. Bankruptcy Court for the District of Delaware (the “Court”) for all of the “first day” motions related to their November 17, 2017 filings of petitions for voluntary Chapter 11 reorganization. Collectively, the motions granted by the Court on an interim basis facilitate and ensure that the Company and Real Alloy continue uninterrupted operations throughout the reorganization process, giving the Company and Real Alloy the authority to make payments to suppliers and service providers as well as to continue to pay employees wages, salaries and benefits.
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