Delphi fka DPH

[gaboracs]

Delphi Receives Final Court Approval of $4.5 Billion Financing Package


Court Approves $2 Billion DIP Financing and $2.5 Billion Adequate Protection Package for Prepetition Financing Facilities

Court Also Approves Adequate Protection Package forCustomers and Suppliers

Global Operations and Shipments to Customers Continue Without Interruption

Release date: October 27, 2005


TROY, MICH. -- Delphi Corp. (OTC: DPHIQ) announced today that it has received final Court approval of a $2 billion senior secured debtor-in-possession (DIP) financing facility being provided by JPMorgan Chase and Citigroup Global Markets Inc. and final approval of an adequate protection package for the Company's $2.5 billion prepetition secured revolver and term loan facilities. The final financing package includes provisions that the Court determined also adequately protect customers and suppliers with allowable set-off and recoupment claims and permits them to continue ordinary course business relationships with Delphi.

http://delphi.wieck.com/pressSingle/value=DEL2005102829774