Breitburn Energy Wins Approval on Bankruptcy Financing

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Breitburn Energy Partners LP, which filed for bankruptcy Sunday, won approval to spend $75 million of up to $150 million to stay in business while it restructures in bankruptcy. Read the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

The Port Authority of New York and New  Jersey reached a deal to pay to end a dispute with bankrupt construction company Collavino Construction Co., which worked on the One World Trade Center tower in Manhattan, DBR reports in The Wall Street Journal.

House Republicans and the Obama administration reached a deal on Puerto Rico’s restructuring, WSJ reports. (Credit Slips has some observations on the bill.)

SunEdison Inc.’s bankruptcy-loan hearing is happening Friday, Reuters reports.

Bankruptcy Beat reports that 50 Cent could soon be close to leaving bankruptcy.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa