Bankrupt American Suzuki Allowed to Borrow from Parent Company

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- November 7, 2012

Amer­i­can Suzu­ki Motor Corp., the now-bank­rupt US dis­trib­u­tor of Suzu­ki cars and motor­cy­cles, won inter­im court approval to bor­row as much as $45 mil­lion as it shuts auto deal­er­ships and revamps motor­cy­cle and boat sales. Par­ent com­pa­ny Suzu­ki Motor Corp. will loan the dis­trib­u­tor com­pa­ny mon­ey at a below-mar­ket inter­est rate of 3% above Libor.

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