A Southern District Bankruptcy Court has held that prepetition interest payments on a term loan, however, do not qualify as protected settlement payments under Bankruptcy Code section 546(e).
You can read more about the case on the Delaware Bankruptcy Litigation Blog.
Motors Liquidation Co. Avoidance Action Trust v. JP Morgan Chase Bank, N.A. (In re Motors Liquidation Co.), 552 B.R. 253 (Bankr. S.D.N.Y. 2016).