Barclays PLC and hedge funds to finance Remy International bankruptcy ...

Story date: 2007-10-09 02:54:00
Added on: 2007-10-09 15:59:35

CNBC - Plan documents say Barclays is also arranging the $330 million exit financing for Remy, which will be used to pay off the Chapter 11 loan and refinance other secured debt. The arrangement is not unusual in corporate bankruptcies. It means Remy's top ...


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