The $95.4 million sale of Revel AC Inc., the shuttered Atlantic City, New Jersey, casino, was put on hold at least temporarily by the U.S. Third Circuit Court of Appeals in Philadelphia.

Back in bankruptcy court, the casino got final court approval on Jan. 30 for a $71 million new-money financing that was increased to cover real estate tax payments to be made under a settlement with the city. The loan also converts some pre- bankruptcy secured debt into a post-bankruptcy obligation.

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