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 ...
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