Allied Holdings Eyes New DIP From Hungry Investor
If the motion is approved, it will clear the way for investment manager GSO Capital Partners LP and equity firm Yucaipa Cos. to infuse Allied with $100 million and $30 million, respectively.
According to court filings, Yucaipa recently purchased more than two-thirds of Allied’s outstanding 8 5/8% senior unsecured notes due 2007.
Yucaipa is also a significant...
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