Orleans Homebuilders, the Bensalem, Pennsylvania-based company, filed for bankruptcy protection last March after defaulting on a credit facility. This week, the company sought court approval for a $155 million loan that would help it emerge from bankruptcy.
The loan would be composed of a $125 million term loan and a revolving credit of $30 million.
JPMorgan Securities LLC is the sole lead arranger and bookrunner for the financing.
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