Brief – GM bondholders remain willing to reduce automaker’s future debt burden by exchanging a substantial part of their debt for equity.
Bondholders say exchange must occur in support of a business plan that has a chance to succeed.
Bondholders say all parties agree out-of-court restructuring would be preferred path for GM. [via Reuters]
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply