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PEAK/TOWNSQUARE STILL BREWING

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One of Peak Broadcasting’s three lenders is asking a bankruptcy court judge to reject the company’s reorganization plan, in part because it believes the two other lenders haven’t been completely forthcoming about their intentions for a post-chapter 11 company. The Dutch-owned Rabobank International alleges the ultimate purpose of the plan backed by GE Capital and Oaktree Capital is to allow Townsquare Media to acquire Peak.
 
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