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March 6, 2021
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DELPHI-BANKRUPTCY
(2008-03-11)
(wgvu) - AUTO PARTS SUPPLIER DELPHI SAYS IT WILL TRY
AGAIN TO GET 6.1 BILLION DOLLARS IN BANKRUPTCY EXIT LOANS.
DELPHI IS TRYING TO GET EXIT FINANCING WITH HELP FROM GENERAL
MOTORS.
GM IS DELPHI'S FORMER PARENT COMPANY.
GM IS ALLOWED TO OFFER AS MUCH AS 750 MILLION DOLLARS IN LOANS
UNDER THE COMPANY'S REORGANIZATION PLAN.
A JUDGE HAS RULED THAT A GM AFFILIATE COULD OFFER TWO OTHER
LOANS OF 2 BILLION DOLLARS AND ONE WORTH AS MUCH AS 825 MILLION
DOLLARS.
DELPHI FACES AN APRIL 4TH DEADLINE TO SECURE THE LOANS.

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