Fertitta's to the Rescue: Xyience Recieves Emergency Loan

The Las Vegas Review-Journal reported today that Zyen, a company controlled by the Fertitta family, has been granted permission by the judge handling Xyience's bankruptcy proceeding to issue an emergency $1 million loan to the embattled beverage maker. According to filings with the Nevada Secretary of State's office, Zyen was formed in September of last year. The company already holds $12.5 million in unsecured claims and $5.3 million in secured claims against Xyience.