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Muzak Ch. 11 Plan Seeks To Slash Debt To $230M

Law360, New York (September 10, 2009) -- Bankrupt Muzak Holdings LLC has filed a Chapter 11 reorganization plan and accompanying disclosure statement with the support of its creditors, which would reduce the company's outstanding debt by more than half to $230 million.

Muzak and its subsidiaries filed the plan and disclosure statement in the U.S. Bankruptcy Court for the District of Delaware on Wednesday....

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