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Delphi receives court approval on DIP accommodation agreement (Automotive Business Review)
US-based automotive parts manufacturer Delphi has announced that the US Bankruptcy Court for the Southern District of New York has granted the companys motion for approval of its debtor-in-possession accommodation agreement.
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Delphi Can Wait on Loans (The Lakeland Ledger)
A bankruptcy judge has said Troy, Mich.-based Delphi can postpone by six months the repayment of $4.35 billion in loans. The delay was necessary in part because Delphi has depended on former parent General Motors for financing amid a seizure of the credit markets. The ruling effectively allows the auto supplier to default on the loans when they...
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Judge extends Delphi's loan repayment deadline (Courier-Post)
A bankruptcy judge has said Delphi can postpone by six months the repayment of $4.35 billion in loans.
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Delphi can delay loan repayment (Detroit Free Press)
A bankruptcy judge has said Delphi can postpone by 6 months the repayment of $4.35 billion in loans.
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Delphi wins court motion on loans (Detroit News)
NEW YORK -- A bankruptcy judge said Monday that auto supplier Delphi can continue to access the proceeds of $4.35 billion in loans after the Dec. 31 expiration date.
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Judge allows Delphi to delay loan repayment (The Indianapolis Star)
NEW YORK -- A bankruptcy judge said Monday that auto supplier Delphi can continue to access the proceeds of $4.35 billion in loans after the expiration date.
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Delphi wins court motion (Autonet.ca)
A U.S. bankruptcy judge said Monday that auto supplier Delphi can continue to access the proceeds of US$4.35 billion in loans after the Dec. 31 expiration date.
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Delphi gets extension on federal loans (The Tennessean)
NEW YORK — A bankruptcy judge ruled Monday that Delphi can postpone by six months the repayment of $4.35 billion in loans.
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Delphi wins court motion to delay loan payback (AP via Yahoo! Finance)
A bankruptcy judge has said Delphi can postpone by six months the repayment of $4.35 billion in loans. The delay was necessary in part because Delphi has depended on former parent General Motors for financing amid a seizure of the credit markets.
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Delphi receives court approval to use DIP loan past December deadline - Update (Nasdaq)
(RTTNews) - Automotive parts manufacturer Delphi Corp. (DPHIQ.PK) said Monday evening that the U.S. Bankruptcy Court for the Southern District of New York granted its motion for approval of its Debtor-In-Possession Accommodation Agreement that will enable the company to continue using the proceeds from the $4.35 billion bankruptcy financing even after the loans mature on December 31, 2008. The ...
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