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G.M., which has been granted $13.4 billion in federal aid, insists that a quick restructuring is necessary so its image and sales are not damaged permanently.
That would allow for a quick restructuring while keeping intact the previous agreements with the union, the big bank lenders and Fiat.
A quick restructuring appears possible because of new agreements with the U.A.W. and a majority of G.M.'s bondholders who agreed to swap their debt for equity in what is being referred to as the "new G.M".
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News International [which paid £30m to partially terminate a printing contract] funded a quicker restructure than we would have been allowed.
With Mr. Hensler's quick restructuring of the company's American classical music holdings regarded as a success, Polygram appointed him president of the entire label -- pop and classical -- in November 1981.
However, according to the New York Times, "[A] quick restructuring appears possible" precisely because of the agreements brokered by the administration with the union and GM's bondholders.
President Obama is scheduled to announce details of the auto package at the White House on Monday, but two senior officials, offering a preview on condition of anonymity, made clear that some form of bankruptcy — a quick, court-supervised restructuring, as they described it — could still be an option for one or both companies.
News International funded quicker restructuring than would normally be allowed [via its £30m payment relating to the partial cancellation of a contract printing agreement].
An exhausted State Senate finally delivered a budget for New Jersey today, in a quick vote that approved a restructured corporate income tax that is expected to raise $1.8 billion, more than twice the amount collected this year.
At the annual shareholders' meeting here yesterday, Jeffrey Speed, Euro Disney's chief financial officer, said the result of the restructuring talks "should not be a quick fix but should be a lasting solution".
By buying these bonds and then swapping them for new longer-term Greek securities when the debt restructuring takes place next month, they stand to make a quick profit.
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