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February 24, 2009
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Premier Article  Debt Exchange Offers: GM and Others Join the Rage

Are debt exchanges really the path to salvation for companies with too much leverage, on all (or many) of the wrong terms, to boot? Just as leveraging (or over-leveraging) a company’s capital structure was all the rage during the “golden” days of private equity-led leveraged buyouts, de-leveraging through debt exchanges is in vogue today...
 
 
 
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