US: Visteon files second reorganisation plan

Visteon has announced that it has filed a second amended plan of reorganisation and disclosure statement with the US Bankruptcy Court, a plan that consists of two mutually exclusive sub-plans. The first is a rights offering sub-plan under which certain unsecured bondholders would have the opportunity to receive 95% of the Subscribe to Automotive World … Continued

• By Webmaster
• May 7, 2010