(AP) -- A bankruptcy judge says Delphi can have access to a $250 million credit facility.
U.S. Bankruptcy Judge Robert Drain on Tuesday gave final approval to the use of the credit facility, which will be provided by Delphi Corp.'s former parent General Motors Corp.
The Troy, Mich.-based auto supplier will use the funding to keep itself going until the expected sale of some of its assets to an affiliate of private equity firm Platinum Equity or another party.
If successful, the company could emerge from bankruptcy protection after nearly four years of court oversight as early as this summer.
GM will provide $2 billion to help finance the deal. It also will acquire some of Delphi's North American plants.
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