Muzak Holdings Files For Ch. 11
In its Chapter 11 petition, filed in the U.S. Bankruptcy Court for the District of Delaware, Muzak listed $460 million in debts and $324 million in assets.
The Fort Mill, S.C.-based company said it had previously reached an agreement with its lenders to access all cash on hand, and that it would continue normal operations, including paying employee salaries and...
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