Bad deals from the start this dip financing started back in July when they put 16 plants and equipment up for collateral why extend more credit to a company that can’t pay its bills
https://www.abladvisor.com/ReadNews.aspx?id=16615
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Old news. But the bankers either know something that we don't or else they were totally fooled by what Dean Foods execs were telling them is the value of the company's assets. Not sure what the bankers could know though. Maybe things will sell for enough to cover the DIP loans, but I don't see enough value to cover the DIP loans plus loans that were outstanding before Chapter 11 was filed (not even counting all the other debt, just the debt to the banks).