UPDATE 2-Sources say Lear to file bankruptcy by June 30-RLPC

Newswire

* RLPC says sources also say $500 mln DIP loan in works * Parts maker weighed down by debt and auto contraction (Adds details on DIP loan) NEW YORK, June 26 (Reuters) - Auto parts maker Lear Corp , which has been weighed down by heavy debt and a sharp decline in automobile demand, is expected to file for bankruptcy by June 30, sources close to the deal told Reuters Loan Pricing Corp. The move comes after Lear, which has been in talks with lenders, warned in March it might have to file ...

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