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DIP Lenders' Delays Forced Loan Default: Phila. News

By Christopher Norton (March 25, 2010, 4:25 PM EDT) -- The bankrupt Philadelphia Newspapers LLC has sued its debtor-in-possession lenders, saying they delayed bankruptcy procedures and an asset sale so much that it was impossible for the publisher of the Philadelphia Inquirer and other papers to repay the DIP loan by its maturity date....

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