Lear Corp., in an effort to strengthen its financial flexibility, secures some $800 million in new secured term loans from four of its lenders, J.P. Morgan Chase & Co., Bank of America Corp., Citigroup Inc. and Deutsche Bank. Lear says the new loans will mature no later than 2012 and are expected to be made on market terms. A portion of the amount will be used to refinance Lear’s $400 million term loan scheduled to mature in February 2007, with the remainder expected to fund the ...
Premium Content (PAID Subscription Required)
"Supplier Roundup" 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: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.