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Judge Christopher Lopez authorized RNDC to access up to $50 million on an interim basis under a $75 million new-money revolver and to roll up $66.3 million of prepetition delayed-draw term loans. The interim DIP order also provides for another $108.7 million ABL roll-up upon final approval, producing a $250 million financing structure comprising $75 million of new money and $175 million of roll-up debt. Wells Fargo serves as agent, with the DIP obligations supported by priming liens and superpriority claims, subject to the carve-out and permitted prior senior liens.
The financing supplies immediate liquidity, but the remaining $25 million of new-money availability and $108.7 million ABL roll-up still require final approval. The first-day hearing minutes set the second-day hearing for August 24, making that hearing the next consequential financing checkpoint for creditors evaluating the roll-up and collateral package.
Republic National Distributing Company commenced a voluntary Chapter 11 case in the Southern District of Texas through its Chapter 11 petition. RNDC said the filing is intended to facilitate potential court-supervised sales and an orderly wind-down of its remaining operations; National Distributing Company, Inc. is outside the filing, according to the company’s petition-day update.
This is an expedited disposition rather than a balance-sheet-only restructuring. The DIP financing motion describes a going-concern sale process followed by an orderly wind-down. Supplier migration is already underway: a Bing News report says MGP Ingredients had begun moving affected markets to other distributors and expects additional transitions later in 2026. Stakeholders should therefore focus on the timing and proceeds of remaining asset transfers, contract treatment, and whether customer and supplier attrition erodes value before sales close.
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