Lear Corporation (OTC: LEAR), announced today that it has received the support it was seeking from its bank lenders and bondholders to move forward with its previously announced debt restructuring plan. The co. has received commitments from a syndicate of secured lenders, led by J.P. Morgan and Citigroup, for $500M in new money debtor-in-possession (DIP) financing.
By editor Jul 7, 2009, 2:33 AM
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