The US Bankruptcy Court gave an order to Francesca's Holdings Corporation to obtain DIP financing on an interim basis on December 8, 2020. As per the order, the debtor has been authorized to obtain a senior secured super-priority revolving credit facility in the amount of $15 million out of $25 million from Tiger Finance, LLC, which is also acting as the administrative agent. The DIP loan would carry an interest rate of 30 days LIBOR plus 7% p.a. As per the terms of the DIP agreement, the loan carries a DIP facility fee of $0.60 million and DIP agent fee of $0.03 million. The DIP facility would mature on January 31, 2021. 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 $0.30 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral. The final hearing is scheduled for January 4, 2021. Greenberg Traurig, LLP has been appointed as legal counsel to Tiger Finance, LLC.