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El Chingon

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El Chingon

Re: El Chingon post# 45543

Wednesday, 07/01/2009 5:11:53 PM

Wednesday, July 01, 2009 5:11:53 PM

Post# of 160315
Lear Plans Voluntary Bankruptcy Filing Under Chapter 11
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By Bill Koenig

July 1 (Bloomberg) -- Lear Corp. said the company agreed to a consensual debt restructuring with steering committees representing its secured lenders and bondholders and expects to implement the changes through an “expedited” Chapter 11 process.

The auto-parts maker said it obtained $500 million in debtor-in-possession financing.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aWOUhtvbrPQQ

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