Cengage Learning Files Chapter 11 Bankruptcy
Posted on 7/23/2013 by Jim Pickerell | Printable Version |
Earlier this month Cengage Learning Inc., the second biggest publisher of college-course material in the U.S., filed for Chapter 11 bankruptcy protection as it tries to restructure its debt of about $5.8 billion. Under a deal with some of its senior lenders, the company will try to use the bankruptcy case to eliminate $4 billion in debt,
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