NEW YORK, Oct 27 (Reuters) - U.S. bankruptcy court judge Robert Drain on Thursday approved $2 billion of debtor-in-possession financing for Delphi Corp. , which filed the biggest bankruptcy in U.S. automotive history earlier this month. Delphi, the largest U.S. auto parts supplier, had prearranged $2 billion of financing led by JP Morgan Chase & Co. and Citigroup Global Markets Inc. for the Chapter 11 case. "The debtor-in-possession process was negotiated at arms-length in good faith ...
Premium Content (PAID Subscription Required)
"Court approves DIP financing for Delphi" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642