In August 1943, under pressure of significant debt maturity, the company filed for bankruptcy reorganization.

The chairman and chief executive of Lear, Robert E. Rossiter, said the bank loans would help the company refinance its 2007 debt maturities early.

If shortening the average debt maturity is really the greatest idea since microwave popcorn, why didn't the Bush Administration take it and run?

In fact, lenders are shrinking their balance sheets and lengthening their debt maturities.

On March 23, 2009, the company announced that it had filed chapter 11 bankruptcy and intends to use the court-supervised process to address "an upcoming debt maturity."

They're not tracking cash - and they're not tracking debt maturities?

"BBVA has used the auction to cover its 2012 debt maturities, and not for carry-trade operations."

"But no reasonable projection of internal cash flow would indicate they could retire their debt maturity in 1997."

The agency added: "These risks have raised concerns as GREs face large debt maturities and refinancing needs in 2012."

Earlier this week, Hyundai Engineering was a day late in paying its 19,000 employees, and banks agreed to extend some debt maturities.