Harry & David wins bankruptcy loan

Harry & David Holdings Inc. won interim court permission to borrow $100 million while it reorganizes in bankruptcy.

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Harry & David Holdings Inc. won interim court permission to borrow $100 million while it reorganizes in bankruptcy.

The money will be necessary for the company to prepare for the holiday season, when Harry & David makes the majority of its sales, it said.

“Liquidity is pretty much shot,” David G. Heiman, a lawyer for the company, said in court.

Read more at Bloomberg.

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