Court authorizes interim DIP financing and cash collateral use
The court entered an interim order authorizing KDC Agribusiness LLC, Fairless Hills, DGF and DGF Managed Services to borrow under a delayed-draw DIP term loan facility arranged through UMB Bank, N.A. as DIP agent, with aggregate commitments up to $30 million and interim availability capped at $13 million. The order also lets the debtors use cash collateral, but only under the DIP documents and a 13-week approved budget with permitted variances, giving secured creditors and professionals an immediate liquidity framework to monitor rather than just a case-opening runway. Interim DIP and Cash Collateral Order
The financing order grants DIP liens and superpriority claims, provides adequate protection to prepetition secured bond and note parties, and modifies the automatic stay as needed to implement the package. The practical significance is that the debtors have court-approved operating liquidity at the start of the case, but with lender-controlled budget discipline and a later final-order fight still to come.