medium · Corporate Credit Analysis

A Section 363 sale is often structured as a '363(b)' sale. What does the (b) specifically refer to in the context of the debtor's operations?

1. The automatic stay that prevents creditors from interfering with the sale.
2. The right to borrow money (DIP financing) to support the sale.
3. Use, sale, or lease of property of the estate other than in the ordinary course of business.
4. The ability of the debtor to reject burdensome leases prior to the sale.

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