Key facts
- Simad Holdings, a bankrupt sleep-away camp operator, received court approval to access lenders' cash.
- The funds are necessary to ensure dozens of camps open on time.
- The approval comes just days before thousands of children are scheduled to arrive for the summer season.
Simad Holdings, a bankrupt operator of sleep-away camps, has secured court approval to tap into funds provided by lenders. This critical financial backing is required to ensure that numerous camps can open as scheduled, just days before thousands of children are set to begin their summer sessions.