The US Bankruptcy Court ordered approving the post petition financing to RMS Titanic, Inc. on July 12, 2017. As per the order, the debtor is authorized to obtain post petition multi draw term loan facility of $5 million from Bay Point Capital Partners LP at an interest rate of 13% per annum, the default interest shall be 18% per annum. The DIP Loan shall mature on the earlier of one year following entry of an interim or final order approving the DIP Financing, 35 days following entry of an interim order, if any, unless a final order is entered, substantial consummation of one or more plans of reorganization and closing of a sale of all or substantially all assets of the debtors. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.45 million towards unpaid professional fees or administrative expenses.