| name | dip-financing-motion |
| title | DIP Financing Motion |
| description | Drafts U.S. bankruptcy DIP financing motions under 11 U.S.C. §§ 361-364, including superpriority claims, priming liens, and adequate protection. Use when preparing a DIP financing motion, Section 364(c)/(d) motion, priming lien motion, or emergency post-petition financing request. |
| author | CaseMark |
| author_url | https://github.com/CaseMark/skills/tree/main/skills/legal/dip-financing-motion |
| license | Apache-2.0 |
| version | 0.1.0 |
| execution_mode | open |
| jurisdiction | us |
| practice | bankruptcy |
| language | en |
DIP Financing Motion
Drafts a court-ready motion seeking approval of post-petition financing under the Bankruptcy Code.
Prerequisites
Gather before drafting:
- Caption: court, district, case number, debtor name(s), chapter, judge, hearing date/time
- Facility terms: lender, size, pricing, maturity, draw conditions, covenants, milestones, defaults
- Budget: 13-week cash flow forecast and sources/uses
- Capital structure: existing secured debt, lien priorities, collateral description, cash collateral status
- Adequate protection: proposed replacement liens, cash payments, equity cushion, reporting
- Financing process: marketing efforts, alternatives considered, why unsecured credit is unavailable
- Exhibits: term sheet or credit agreement, budget, declaration(s), proposed order
- Local rules: judge-specific procedures for emergency relief, notice, and service
Motion Structure
I. Preliminary Statement / Relief Sought
II. Jurisdiction, Venue, and Statutory Authority
III. Background and Need for Financing
IV. Terms of Proposed DIP Facility
V. Adequate Protection for Prepetition Secured Parties
VI. Legal Standard and Argument
VII. Notice and Hearing
VIII. Conclusion
Relief Sought Matrix
| Relief | Statute | Required Showing | Evidence |
|---|
| Superpriority admin expense | § 364(c)(1) | Unsecured credit unavailable under § 503(b)(1); reasonable terms | Process declaration; term sheet |
| Lien on unencumbered property | § 364(c)(2) | Same + identify unencumbered collateral | Collateral schedule; lien analysis |
| Junior lien on encumbered property | § 364(c)(3) | Same + priority structure | UCC/lien summary; intercreditor terms |
| Priming lien | § 364(d) | Cannot obtain credit otherwise; adequate protection of existing lienholders | Adequate protection package; valuation |
Required Findings