GM Bondholders, Faced with Total Loss, Now Express Support for 10% Debt/Equity Swap Plan
Region: New York
According to a General Motors ("GM") regulatory filing filed this morning, an unofficial ad hoc committee of GM debt holders holding approximately 20% in aggregate principal amount of the notes expressed support for the de... more
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GM
General Motors Chapter 11 Bankruptcy Looming After Unsecured Creditors Reject Debt/Equity Swap
Region: United States
After weeks of speculation on Wall Street that General Motors Corp ("GM") would be unable to secure the 90% needed participation rate in swapping roughly $27.2 billion (face value) of unsecured debt into equity, GM officia... more
Views: 2098
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General Motors GM Bankrup
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Gm
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Name: Reporter 99 Member Since: May 2009
Location: NY
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