Delphi amends DIP facility to extend quarterly financial statement delivery deadline

By Caroline Salls

Pittsburgh, Aug. 11 - Delphi Corp. entered into a fifth amendment to its debtor-in-possession financing that gives the company more time to deliver its quarterly financial statements for the quarters ended March 31 and June 30, according to an 8-K filing with the Securities and Exchange Commission.

Specifically, the unaudited quarterly financial statements are due no later than 60 days after July 11, the date on which the audited financial statements for the year ended Dec. 31, 2005 were delivered.

Delphi, a Troy, Mich.-based automotive electronics manufacturer, filed for bankruptcy on Oct. 8, 2005 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 05-44481.

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