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After Setback, Delphi Asks For Financing Extension

Law360 (April 17, 2008, 12:00 AM EDT) -- Since a group of hedge funds walked away from a deal to invest $2.55 billion in Delphi Corp. earlier this month, the struggling auto parts maker has been pushed to ask the bankruptcy court to extend its financing through the end of the year while it struggles to emerge from Chapter 11.

Delphi asked the the U.S. Bankruptcy Court for the Southern District of New York on Wednesday to issue an order authorizing the company to extend the maturity date of its debtor-in-possession facility, and revise...
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