Sources say Lear to file bankruptcy by June 30-RLPC

Newswire

NEW YORK, June 26 (Reuters) - Auto parts maker Lear Corp is expected to file for bankruptcy by June 30, sources close to the deal told RLPC. Lear has been in talks with lenders and potential investors on restructuring its debt-laden balance sheet for months and warned in March it might have to file for bankruptcy. It has a June 30 deadline for a waiver from lenders on its existing defaults on its main credit facility. RLPC is Thomson Reuters company. (Reporting by Caroline Humer; ...

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