Lear Drawdown Seen As Precursor For Other Auto Names

Lear Corp.'s decision to draw down its revolving credit facility has reverberated throughout the auto parts sector, prompting speculation about which suppliers will draw down next and driving loan prices down five to 10 points, according to traders.

  • 23 Oct 2008
Lear Corp.'s decision to draw down its revolving credit facility has reverberated throughout the auto parts sector, prompting speculation about which suppliers will draw down next and driving loan prices down five to 10 points, according to traders. "There's fear that we may see it out of other ...

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