Welcome
on East Filters
Looking for auto parts? Please click below.
Our products
Racor Fuel filter/Water Separator
Oil water separator parts
Sakura Filters Equivalent
Fuel filter accessory
Top Searches
Oil filter
Fuel filter
Air filter
Oil water separator
Fuel water separator
Racor
Volvo
Caterpillar
Benz
Perkins
Scania
Komatsu
MAN
HINO
Iveco
TOYOTA
Delphi Corp. wants loan extension
Delphi will present investors with revised financial projections that estimate a 10 percent drop in global vehicle production, said the filing. As a result, Delphi cut its first-half forecast for earnings before interest, taxes, depreciation, amortization and restructuring costs to $699 million from $904 million. Company spokesman Lindsey Williams didn't immediately return a phone call seeking comment. Delphi separately is trying to line up about $3.75 billion in loans to finance its emergence from a three-year-old Chapter 11 case. A hearing is scheduled for Nov. 5 in U.S. Bankruptcy Court in New York on Delphi's proposal to change its reorganization plan to cut payouts to creditors. U.S. Bankruptcy Judge Robert Drain in New York in January confirmed a plan that would have paid unsecured creditors in full. The plan faltered when investors led by Appaloosa Management LP backed out of a pact to buy as much as $2.55 billion in Delphi securities on April 4, the day the firm planned to exit bankruptcy. Delphi won approval of a prior extension to its bankruptcy loan in April.