Lear Scores $500M DIP Loan Despite Competing Offer
By Morgan Bettex ( July 30, 2009, 7:53 PM EDT) -- Bankrupt automotive seat manufacturer Lear Corp. reportedly received approval on Thursday to access $500 million in debtor-in-possession financing despite objections from Lear's official committee of unsecured creditors and a group that had offered a competing DIP proposal....
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