C.D.H. Metals got authorization to obtain financing.

A U.S. bankruptcy court gave the Los Angeles-based metal distribution company the go-ahead to obtain $7 million in interim financing just two days after it filed for reorganization under Chapter 11, listing total assets of $82.62 million and total liabilities of $82.59 million. The company, which filed for reorganization Wednesday in U.S. Bankruptcy Court in Los Angeles, said the $7 million in financing will enable it to meet projected inventory needs and expenses through March 8.