The US Bankruptcy Court gave an order to Dougherty's Holdings, Inc. to obtain DIP financing on an interim basis on October 11, 2019. As per the order, the debtor has been authorized to obtain a DIP term facility in the total amount of $0.50 million and out of it $0.03 million on interim basis from Cardinal Health 110, LLC and Troy Phillips. The DIP loan would carry an interest rate of 10% p.a., along with 13% p.a. interest in the event of default. As per the terms of the DIP agreement, the loan carries a nonrefundable commitment fee of $0.20 million and the lenders shall be paid an unused line fee of 8% P.A.. The DIP facility would mature either on the Closing Date to the earliest of 120 calendar days after the Closing 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. The final hearing is scheduled on October 23, 2019.