Tag Archives: debtor in possession
Delphi Favors Bid from Lenders
Private Equity Hub – A group of hedge funds that provided bankruptcy funding to Delphi Corp on Monday won a high-stakes auction to take control of the auto parts supplier, scuttling a rival deal brokered by the Obama administration. Delphi’s […]
No access to Delphi’s books for bidders -paper
Reuters – Hedge funds that provided bankrupt U.S. auto parts maker Delphi with debtor-in-possession (DIP) financing are not getting access to the firm’s books, hindering their ability to make a takeover offer, the New York Post reported, citing a person […]
TPG interested in Aleris DIP financing
Reuters – U.S. private equity firm TPG has expressed interest in providing debtor-in-possession (DIP) financing for Aleris International Inc, a company it bought in 2006, a source familiar with the situation told Reuters. The private equity firm wasn’t able to […]
