Law360, New York (July 06, 2009) -- Revealing further details of its anticipated prepackaged bankruptcy filing, automotive seat manufacturer Lear Corp. has announced that it intends to restructure about $3.6 billion in debt under a Chapter 11 plan by offering lenders a combination of new debt holdings and stock in the reorganized company.
The company disclosed its plans in an 8-K filing with the U.S. Securities and Exchange Commission on Wednesday, also noting that its proposed bankruptcy plan would provide full cash payment...
