After 4 years, Delphi emerges from Chapter 11 as new companyOctober 6th, 2009 Delphi emerges from Chapter 11NEW YORK — Auto supplier Delphi says it's emerging from bankruptcy protection nearly four years to the day it filed for Chapter 11. Troy, Mich.-based Delphi Holdings LLP says it has acquired most of the old company's core businesses as part of it's plan to restructure and exit court oversight.
Grubb & Ellis amends senior credit facility in part to defer partial prepayment of $27.3MOctober 1st, 2009 Grubb & Ellis amends senior credit agreementSANTA ANA, Calif. — Grubb & Ellis Co.
Delphi says creditors win in auction of assets as it bids to emerge from bankruptcyJuly 28th, 2009 Delphi says creditors win in auction of assetsNEW YORK — Auto parts maker Delphi Corp. says its creditors won out over a California private-equity firm in an auction for the company's assets as it moves to emerge from bankruptcy protection.
Pension Benefit Guaranty Corp. to take on pension plans for 70,000 Delphi workers, retireesJuly 22nd, 2009 PBGC to assume responsibility for Delphi pensionsWASHINGTON — The Pension Benefit Guaranty Corp. said Wednesday that it will assume responsibility for the pension plans of 70,000 Delphi Corp.
Delphi auction postponed until Tuesday, lenders still expected to make credit bidJuly 17th, 2009 Judge postpones Delphi auctionNEW YORK — A bankruptcy judge on Friday postponed the planned auction of struggling auto supplier Delphi Corp.'s assets until Tuesday. U.S. Judge Robert Drain ordered the auction's delay after a chambers conference on Thursday that was attended by Delphi, its creditors committee, General Motors Co.
Delphi lenders could submit credit bid for company, auction of assets would followJuly 17th, 2009 Delphi lenders face deadline to submit credit bidNEW YORK — Delphi Corp.'s lenders faced a Thursday deadline to submit their own bid for the struggling auto supplier, which would set up an auction of the company's assets. The lenders, which have financially supported Delphi during its nearly four years under court protection and are owed about $3.45 billion, have said in court filings that they planned to submit a competing credit bid, which would involve them forgiving the debts that they are owed.
GM and Chrysler may become bankruptcy lenders to auto parts supplier VisteonJuly 16th, 2009 GM, Chrysler among possible lenders to VisteonDOVER, Del. — Fresh from bankruptcy reorganization themselves, General Motors and Chrysler Group LLC now may become bankruptcy lenders to auto parts supplier Visteon Corp.
Judge tentatively approves deal to shift some Delphi assets to the new General MotorsJuly 13th, 2009 Judge OKs shift of some Delphi assets to new GMNEW YORK — A bankruptcy judge has approved a deal to shift some of auto parts supplier Delphi's assets to the General Motors Co. that emerged from Chapter 11 bankruptcy protection last week.
Parts maker Delphi receives no new bidders on assets, paving way for sale to buyout firm, GMJuly 11th, 2009 Delphi receives no new bidders on assetsNEW YORK — Auto parts maker Delphi Corp. says a deadline has passed with no further bidders on its business, paving the way for a sale to a California private-equity firm and General Motors Corp.
Judge denies Delphi request to conduct deal with Platinum through a private saleJune 10th, 2009 Judge says Delphi sale can't be privateNEW YORK — A bankruptcy judge said Wednesday that a formal sale process needs to be put in place in order to ensure that the potential sale of Delphi's assets results in the greatest possible return for the auto supplier's stakeholders. U.S. Judge Robert Drain said potential bids from Delphi Corp.'s lenders and other parties need to be considered before a deal between the Troy, Mich.-based company and an affiliate of private equity firm Platinum Equity can be allowed to go through.
GM to spend $2 billion to facilitate Delphi sale, in exchange for equity in new companyJune 6th, 2009 GM to spend $2 billion to facilitate Delphi saleDETROIT — General Motors Corp. said Friday it will pay $2 billion to Delphi Corp.
Delphi to sell assets to private-equity firm, emerge from Chapter 11June 1st, 2009 Delphi reaches deal to emerge from Chapter 11NEW YORK — Delphi Corp. said Monday that it reached a deal to sell some of its assets to a private-equity firm and emerge from bankruptcy protection.
Delphi says no agreement yet with Treasury and GM over fate of bankruptcy, remains in talksMay 29th, 2009 Delphi in talks with GM, Treasury over bankruptcyNEW YORK — Auto parts supplier Delphi Corp. says it hasn't reached an agreement yet with the Treasury Department and its former owner General Motors Corp.
Judge gives Delphi additional time to come up plan for exiting bankruptcy protectionMay 8th, 2009 Delphi gets more time to come up with planNEW YORK — A judge says Delphi can have more time to come up with a plan to exit from Chapter 11 bankruptcy protection. U.S. Judge Robert Drain gave Troy, Mich.-based Delphi Corp.
Bankruptcy court documents show Delphi now has a few more weeks to negotiate steering saleMay 8th, 2009 Delphi gets until May 21 to reach GM, lenders dealNEW YORK — Auto parts supplier Delphi Corp. has a few more weeks to work out a deal to sell its steering business to General Motors Corp., according to documents filed Wednesday in bankruptcy court in New York.
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