Charter, Dayton Superior Face Reorg Trouble

Kellerhals, Richard
April 2009
High Yield Report;4/27/2009, Vol. 20 Issue 17, p15
The article reports on the problems encountered by cable television system provider Charter Communications and metals company Dayton Superior in their reorganization efforts. According to Wells Fargo, Charter Communications stop its reorganization plan due to a breach in its change-in-control covenant. Meanwhile, a group of Dayton Superior bondholders objected the 165 million U.S. dollar debtor-in-possession loan from GE, claiming that such loan will worsen the company's condition.


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