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November 18, 2005
By: DAVID SAVASTANO
Editor, Ink World Magazine
Magruder Color Company, Inc., which filed to reorganize its affairs under Chapter 11 of the Federal Bankruptcy Code on June 2, 2005, has obtained a $3.5 million debtor-in-possession financing from 1029 Newark Investment Company, LLC, in which Pochteca Corporation has a 50 percent interest. The loan facility will be used to provide working capital to the company going forward and was used to pay off Wachovia Bank in full on Oct. 21, 2005. Prior to the payoff, the loan with Wachovia stood ...
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