Warring Factions in Tribune Bankruptcy Plan

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Two warring factions are filing motions in relation to Tribune Co’s application for approval of its reorganization plan. Firstly, the unsecured lenders of the media conglomerate who supplied $1.6 billion in financing for its 2007 leveraged buyout (LBO) are making claims related to the LBO. Secondly, Tribune Co. themselves who have submitted their reorganization plan to bankruptcy court judge Kevin Carey for confirmation.

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Published In: Bankruptcy Updates, Finance & Banking Updates, Mergers & Acquisitions Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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