Entries tagged "Delphi Corp."
Lenders to Delphi Corp. have reportedly struck a tentative agreement with the auto parts maker and former parent General Motors Co. that may finally end the company's nearly four-year stay in bankruptcy. The lenders, most of them hedge funds, collectively own Delphi's $3.5 billion in debtor-in-possession loans. They intend to offer to buy the company in exchange for forgiving the amount they are owed, according to reports. The funds hope to trump a rival offer by Platinum Equity LLC for the Troy, Mich.-based parts maker. This is a free content preview. Subscribers enjoy access to all stories in full as...
Bankrupt auto parts maker Delphi moves closer to ending its nearly four year stay in Chapter 11 as Friday marks the deadline to outbid Platinum Equity.
The hedge funds that pulled out of providing Delphi Corp. with $2.55 billion in financing to emerge from Chapter 11 now want the auto parts maker to ante up an $82 million fee plus their expenses, according to a report in The Wall Street Journal. ...
Here are some of the latest bankruptcy stories our reporters have been covering Tuesday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. ...
Here are some of the latest bankruptcy stories our reporters have been covering Monday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. ...
