Bankrupt auto-parts supplier Marelli Holdings Co. won court approval to borrow $518.9 million to help fund its reorganization after delaying a request for some parts of a financing package ...

Marelli receives US court approval to access finance and continue operations Secures interim approval to access up to $519m of $1.1bn in debtor-in-possession financing.

Bankrupt auto-parts supplier Marelli Holdings Co. won court approval to borrow $518.9 million to help fund its reorganization after delaying a request for some parts of a financing package ...

The Court granted interim approval to immediately access up to $519 million of $1.1 billion in debtor-in-possession financing from its lenders.

Using court-approved financing, the brand plans to continue business as usual while restructuring. Stellantis, which is Marelli's largest creditor, declined to comment.

Subject to court approval, this financing, along with the company’s operational revenue, will provide the necessary liquidity for Marelli during the Chapter 11 process.

The court granted Marelli access to $519 million of $1.1 billion in debtor-in-possession financing — a special loan process for companies going through bankruptcy. Using those funds, the company ...

Using court-approved financing, the brand plans to continue business as usual while restructuring. Stellantis, which is Marelli's largest creditor, declined to comment.