UPDATE 1-Court approves DIP financing for Delphi


(Adds details) NEW YORK, Oct 27 (Reuters) - U.S. bankruptcy court judge Robert Drain on Thursday approved $2 billion of debtor-in-possession financing for Delphi Corp. , which filed the biggest bankruptcy in U.S. automotive history earlier this month. The court also granted final approval for Delphi's $2.5 billion prepetiton secured revolver and term loan facilities. In a news release Delphi said the court also approved an adequate protection package for its customers and suppliers. ...

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