UPDATE 1-Delphi may seek waivers, adjustments to covenants

Newswire

(Recasts, adds details from release, background) CHICAGO, Sept 30 (Reuters) - Delphi Corp. said on Friday it has retained cash for its restructuring rather than make a repayment under a revolving credit facility and may ask lenders to waive or adjust its financial covenants. Delphi, the largest U.S. auto parts supplier, also said it is looking into potential waivers for its U.S. and European receivables securitization programs, which have substantially the same financial requirements. ...

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