J.L. French Seeks $255M In Exit Financing

Law360, New York (May 22, 2006, 12:00 AM EDT) -- J.L. French Automotive Castings Inc. is now looking ahead and seeking a $255 million exit-financing package to drive it through post-bankruptcy operations.

The Wisconsin-based auto parts maker filed a motion last Wednesday in the U.S. Bankruptcy Court for the District of Delaware naming Goldman Sachs Credit Partners LP and Morgan Stanley Senior Funding Inc. as its exit lenders.

The two lenders beat out General Electric Capital Corp., Ableco Finance LLC and Banc of America Securities LLC in a competition to provide exit-financing to J.L. French....
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