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Lear Petroleum signs letter of intent with investment group.
PR Newswire
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January 5, 1988
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COPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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LEAR PETROLEUM SIGNS LETTER OF INTENT WITH INVESTMENT GROUP
DALLAS, Jan. 5 /PRNewswire/ -- Lear Petroleum Corp. (NYSE: LPT) today announced that it has signed a letter of intent with an investment group to pursue a recapitalization plan involving a refinancing of a portion of Lear's existing public debt and an equity infusion of at least $20 million.
The investment group, led by Patrick J. Keeley, a Lear director, is represented by Printon Kane Capital Corp. Dean Witter Reynolds Inc. has been retained to advise Lear on the restructuring.
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