The US Bankruptcy Court gave an order to Real Industry, Inc. to obtain DIP financing on January 22, 2018. As per the order, the debtor has been authorized to obtain a credit facility in the amount of $5.5 million from 210 Capital, LLC. The DIP loan would carry an interest rate of 11% p.a. along with an additional 2% p.a. interest in the event of default. As per the terms of the DIP agreement, the loan carries an upfront fee of $0.20 million and a break-up fee of $0.30 million. The DIP facility would mature either one year following the petition date or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.15 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral.