Seat maker Lear files for bankruptcy

Southfield-based seat maker Lear Corp. said it filed for bankruptcy early this morning after winning support for its reorganization plan from more of its lenders and bondholders.

In a securities filing made Monday, the supplier -- which said Wednesday that it plans to file for bankruptcy -- revealed plans for its bankruptcy reorganization.

Lenders and bondholders that have already signed on to the deal include Carlyle High Yield Partners, Deutsche Bank AG, Merrill Lynch and Icahn Partners LP.

Read Full Article from Detroit Free Press

- Posted: 2009-07-07 10:25:45

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