Lear prepared to file for bankruptcy next week-WSJ

Newswire

DETROIT, June 25 (Reuters) - Auto parts supplier Lear Corp is preparing to file for bankruptcy as soon as next week, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The news comes as Lear faces a June 30 window, through which its lenders have agreed to waive the existing defaults under its primary credit facility. Lear, which warned in March it might have to file for bankruptcy, has been exploring alternatives to restructure its debt outside of ...

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