APC Automotive Technologies LLC, a car-parts supplier founded in 1927, has filed for bankruptcy with plans to hand ownership to lenders including Apollo Global Management Inc.
The Littleton, Colo., business sought protection from creditors Wednesday after entering into a restructuring agreement with 74% of its term loan lenders that will help it cut $290 million of its more than $430 million in debt. A forbearance period with lenders had ended on Monday.
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June 04, 2020 at 03:03AM
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Auto-Parts Supplier APC Files for Bankruptcy - Wall Street Journal
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