Bankrupt Simad Holdings Wins Court OK to Use Lenders’ Cash for Summer Camps
2026-06-17 20:05:05
Bankrupt sleep-away camp operator Simad Holdings won court approval to tap lenders’ cash needed to open dozens of camps on time just days before thousands of children are due to arrive for the summer. According to Bloomberg, the ruling allows the company to access funds required to prepare for the season and avoid disruptions as campers arrive.
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