BRIEF-Lear Corp says completes financial reorganization - News

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BRIEF-Lear Corp says completes financial reorganization

By: AFX | 09 Nov 2009 | 10:04 AM ET

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Nov 9 (Reuters) - Lear Corp: * Completes financial reorganization and new common shares will begin trading on the NYSE * Says new common stock will be listed on the NYSE under its historical NYSE stock symbol "LEA" * Says has reduced its debt obligations by approximately $2.8 billion * Says emerges from chapter 11 with a strong and flexible capital structure, including over $1 billion in cash * Says diversified sales backlog of new business totals $1.4 billion * Says has less than $1 billion of debt ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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