RLPC-Equity stake, rallying loan prices ease restructuring pain

Newswire

* Senior lenders' benefit from new equity stakes * Loan prices climb as restructuring hopes improve * Restructured senior loans gain equity trading profile By Leela Parker NEW YORK, April 28 (Reuters) - Senior lenders to bankrupt companies such as US radio broadcaster Citadel Broadcasting Corp are offsetting restructuring pain with fresh equity stakes and profits from rallying loan prices. Senior lenders to Citadel Broadcasting Corp are set to receive a 90 percent equity stake and ...

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