USA: Hayes Lenmmerz emerges from bankruptcy reorganisation – report
Automotive supplier Hayes Lemmerz International has emerged from voluntary Chapter 11 bankruptcy reorganisation, with about $US2.1 billion in debt and other liabilities discharged, according to Reuters. The news agency said the maker of wheels, brakes, powertrains and suspension components said it has completed an exit financing package totalling $800 million.
Automotive supplier Hayes Lemmerz International has emerged from voluntary Chapter 11 bankruptcy reorganisation, with about $US2.1 billion in debt and other liabilities discharged, according to Reuters.
The news agency said the maker of wheels, brakes, powertrains and suspension components said it has completed an exit financing package totalling $800 million.
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