Delphi Gains Court Approval to Amend Accommodation Agreement
Court Also Enters Order to Disband Official Committee of Equity Security Holders
Troy, Mich. -- Delphi Corp. (PINKSHEETS: DPHIQ) today announced that during its April 23, 2009 Omnibus Hearing, the Bankruptcy Court for the Southern District of New York approved Delphi’s motion to enter into a Second Supplement to the Second Amendment to its Accommodation Agreement with certain participating lenders. Delphi is continuing its discussions with GM and the Auto Task Force and working with its other stakeholders in an effort to successfully resolve Delphi’s reorganization cases.
The Court also approved Delphi’s motion to disband the Official Committee of Equity Security Holders as a result of changed circumstances in Delphi’s chapter 11 reorganization cases. The Court Order can be obtained at http://www.delphidocket.com.
Information on the case can also be obtained on the Bankruptcy Court’s website with Pacer registration: http://www.nysb.uscourts.gov. For more information about Delphi and its operating subsidiaries, visit Delphi’s website at www.delphi.com.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.