(Reuters) - San Juan-based Doral had been Puerto Rico's largest
mortgage lender before accounting problems forced it to restate
2000 to 2004 results. It had said it needed new financing to
help repay $625 million of debt due on July 20. The company had
said it would likely seek bankruptcy protection if it failed.
Doral said its shares will continue to trade on the New
York Stock Exchange under the "DRL" symbol. Its shares closed
Thursday down 3 cents at $1.15.
Read more at Reuters.com Bonds News
mortgage lender before accounting problems forced it to restate
2000 to 2004 results. It had said it needed new financing to
help repay $625 million of debt due on July 20. The company had
said it would likely seek bankruptcy protection if it failed.
Doral said its shares will continue to trade on the New
York Stock Exchange under the "DRL" symbol. Its shares closed
Thursday down 3 cents at $1.15.
Read more at Reuters.com Bonds News
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