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Attention: On June 1, 2009, Delphi filed further modifications to its confirmed First Amended Joint Plan of Reorganization and a Supplement to its First Amended Disclosure Statement with the U.S. Bankruptcy Court for the Southern District of New York. These plan modifications, if approved by the court, provide for Delphi to emerge from chapter 11 reorganization through a transaction with Parnassus Holdings II, LLC, an affiliate of Platinum Equity, and with the support of GM Components Holdings LLC, an affiliate of General Motors Corporation. The emergence structure is similar to that contemplated in the Company’s previously Confirmed Plan.
However, instead of plan investors emerging as the majority owner of the continuing business enterprise through sponsorship of the Confirmed Plan, Delphi has agreed to contemporaneously effectuate transactions through which Parnassus will operate Delphi's U.S. and non-U.S. businesses going forward with emergence capital and capital commitments of approximately $3.6 billion and without the labor-related legacy costs associated with the North American sites that are being acquired by GM Components Holding LLC together with Delphi's global Steering business. Certain other residual non-core and non-strategic assets and liabilities will be retained by a reorganized entity emerging as DPH Holdings Co., which are expected to be divested over time. Delphi has also committed to complete these transactions through a sale of the company to the acquirers pursuant to section 363 of the Bankruptcy Code if sufficient stakeholder support cannot be obtained to achieve confirmation and substantial consummation of the modified plan of reorganization. For a copy of the press release issued on June 1, 2009, click here. For a copy of the Plan Modification Motion, click here. For a copy of the Modification Procedures Order, click here.
For a copy of the Disclosure Statement, please click here.
For a copy of the Modified Plan of Reorganization, please click here.
For a copy of the Master Disposition Agreement, please click here.
Attention: On October 3, 2008, Delphi filed modifications to its confirmed First Amended Joint Plan of Reorganization and related modifications to its First Amended Disclosure Statement with the Bankruptcy Court. The Preliminary Plan Modification Hearing was originally scheduled for 10:00 a.m. EDT on Oct. 23, 2008 and has been adjourned to 10:00 a.m. on March 24, 2009. For links to the notices adjourning the Preliminary Plan Modification Hearing, please click here. For a copy of the related press release, click here.
For a copy of the Plan Modification Approval Motion, click here. For a copy of the proposed Preliminary Plan Modification Approval Order, click here.
For a copy of the Modified Disclosure Statement marked only to show additions to the December 10, 2007 Disclosure Statement, click here. For a copy of the Modified Disclosure Statement marked to show all changes from the December 10, 2007 Disclosure Statement, click here.
Appendix A to Modified Disclosure Statement: For a copy of the Modified Plan marked only to show additions to the Confirmed Plan (as confirmed by the Bankruptcy Court on January 25, 2008), click here. For a copy of the Modified Plan marked to show all changes from the Confirmed Plan, click here.
Appendix B to Modified Disclosure Statement: For a copy of Delphi's Historical Financial Statements, click here.
Appendix C to Modified Disclosure Statement: For a copy of Delphi's Reaffirmed 2008-2011 Financial Projections, click here.
Appendix D to Modified Disclosure Statement: For a copy of the Updated Valuation Analysis, click here.
Appendix E to Modified Disclosure Statement: For a copy of the Updated Liquidation Analysis, click here. |
