Delphi Corp. completes its $2.8 billion financing plan, which entails a $1.8 billion revolving credit facility, available through June 18, 2009, and a $1 billion secured term loan, due June 14, 2011. The completion of the plan will provide access to sufficient liquidity to continue to address U.S. legacy-cost issues, Delphi says. The new financing plan also allowed Delphi to terminate its 364-day, $1.5 billion revolving credit facility, due June 17, 2005. “Additionally, we made a second ...
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