Bankruptcy, Bondholders | featured news

CIT talks to bondholders; bankruptcy still feared

CIT Group Inc is in talks with a group of bondholders for $2 billion to $3 billion in rescue financing as it tries hard to avoid bankruptcy, a source close to the company said late on Friday.

 

Bondholders accept GM equity offer, setting stage for bankruptcy

Bondholders accept GM equity offer, setting stage for bankruptcy

A majority of bondholders agree to swap their debt for a stake in a reorganized GM, which is expected to file for Chapter 11 on Monday.

 

Bondholder Group Reaches Deal for Up to 25% G.M. Stake

Bondholder Group Reaches Deal for Up to 25% G.M. Stake

G.M. said a key group of bondholders agreed not to oppose the reorganization plan in exchange for a stake of 10% in the new G.M., with warrants to buy an additional 15%.

 

Subscribe to this RSS topic: Syndicate content