Bombay Secures DIP Financing

Fort Worth, Texas, The Bombay Co. announced that it had obtained approval from the U.S. Bankruptcy Court for the $115 million debtor-in-possession (DIP) financing, which has been secured from GE Corporate Lending and GE Canada Finance Holding Co. The DIP financing is related to Bombay's reorganization, which was previously announced on Sept. 20.

"We are proceeding with the restructuring plans as outlined in our filings last week and we continue to operate our business as usual during this process," said chief executive David B. Stewart.