Secured Creditors Balk at Adelphia's Plan

Burns, Mairin
March 2004
Investment Dealers' Digest;3/15/2004, Vol. 70 Issue 11, p11
Trade Publication
Reports on a motion filed by secured creditors, which calls for the termination of Adelphia Communications Corp.'s exclusive right to propose a plan of reorganization. Time given to companies in bankruptcy to file a reorganization plan; Banks opposing to Adelphia's plan; Deal structured by the company's relationship banks that would consolidate all the company' existing bank lines into a single facility; Support of bondholders in a motion filed by Adelphia to leave to bring an action against banks for extending bad loans to the company's founders.


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