{"id":11126,"date":"2009-07-28T00:00:00","date_gmt":"2009-07-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"delphi-favors-bid-from-lenders","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/delphi-favors-bid-from-lenders.html","title":{"rendered":"Delphi Favors Bid from Lenders"},"content":{"rendered":"<p>Private Equity Hub &#8211; 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. <\/p>\n<p>Delphi&rsquo;s board of directors and GM both offered their support for the proposed deal that would hand the company&rsquo;s assets over to its debtor-in-possession lenders in exchange for their forgiveness of nearly $3.5 billion in loans.<\/p>\n<p>The result, announced by Delphi late Monday, came after a two-day auction in New York.<\/p>\n<p><a href=\"http:\/\/www.pehub.com\/45772\/delphi-favors-bid-from-lenders\/\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private Equity Hub &#8211; 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&rsquo;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4],"tags":[4439,11324,2032,2557,346,8442,7212,909,14661,2202,11708,9114,7726,131,2059,11183,6008],"class_list":["post-11126","post","type-post","status-publish","format-standard","hentry","category-private-equity","category-syndicated","tag-assets","tag-auction","tag-auto-parts-supplier","tag-bankruptcy","tag-board-of-directors","tag-debtor-in-possession","tag-delphi","tag-delphi-corp","tag-forgiveness","tag-gm","tag-hedge-funds","tag-hub","tag-lenders","tag-loans","tag-obama","tag-rsquo","tag-s-board"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11126"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11126\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}