Nortel's U.S. unit settles with bondholders over interest

07/25/2014 | Bloomberg

An agreement has been reached between the now-closed U.S. unit of Nortel Networks and its bondholders over how much interest they are owed on debt issued in 2006 and 2007. Nortel, which filed for bankruptcy in 2009, has agreed to pay as much as $1 billion in interest.

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