Contec Holdings Files for Bankruptcy

Contec Holdings Ltd., which is owned by Bain Capital LLC, has reportedly filed for bankruptcy protection. The cable-box repair company has filed for Chapter 11 bankruptcy. In the filing, the business reportedly lists debts at as much as $500 million while assets were at as much as $100 million. The business now reportedly plans on reorganizing in order to deal with debts while still continuing operations.

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