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Jay A Pritzger

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June 25, 1991 | From Reuters
Chicago investor Jay Pritzker said Monday that he is considering a proposal for Pan Am Corp., including possible financing for the struggling carrier. "We have been approached by the unsecured creditors committee of Pan Am to make a proposal including a DIP (debtor-in-possession) loan," Pritzker said in a statement. Under a debtor-in-possession loan, which is designed to protect the lender, Pritzker would be one of the top creditors to be paid back by bankrupt Pan Am.
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BUSINESS
June 25, 1991 | From Reuters
Chicago investor Jay Pritzker said Monday that he is considering a proposal for Pan Am Corp., including possible financing for the struggling carrier. "We have been approached by the unsecured creditors committee of Pan Am to make a proposal including a DIP (debtor-in-possession) loan," Pritzker said in a statement. Under a debtor-in-possession loan, which is designed to protect the lender, Pritzker would be one of the top creditors to be paid back by bankrupt Pan Am.
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