Delphi Corp.’s former parent, General Motors Corp., is ready to provide up to $2.8 billion in additional loans for a financing package that would allow the supplier to exit from bankruptcy, Reuters reports. But a group of investors, led by Appaloosa Management LP, has accused Delphi of undermining its own refinancing plan by inviting GM to participate as such a sizeable lender. The group can walk away after April 5 from an agreement to provide up to $2.5 billion for Delphi’s restructuring. A ...
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