Credit crunch forces Delphi to cut size of finance plan for Ch. 11 exit

Oct 30, 2007 | 02:54 PM | Philip Burgert

Auto parts supplier Delphi Corp. is seeking to cut the size of a financing arrangement for its emergence from bankruptcy protection in the wake of recent credit-market turmoil.

Executives said in a statement that the company had filed proposed amendments with the U.S. Bankruptcy Court for the Southern District of New York that would cut Delphi's debt by about $2 billion after it emerges from Chapter 11 protection.....





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