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Penske parts firm swaps debt for equity.

Publication: Automotive News
Publication Date: 29-JAN-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: Penske parts firm swaps debt for equity.(Roger Penske's Transportation Resources Partners LP invested in Autocam Corp.)

Article Excerpt
Byline: Robert Sherefkin

Roger Penske will have difficulty recouping his investment in an ill-fated auto parts company.

Penske's investment company, Transportation Resources Partners LP, faces a significant but undetermined loss after financiers that hold about $140 million - almost 100 percent - of debt in Autocam Corp. agreed to swap that debt...

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