Textbook publisher Cengage files for bankruptcy

... support from a group of first-lien lenders for the restructuring, which would eliminate more than two-thirds of the Stamford, Connecticut-based company's roughly $5.8 billion of debt. Non-U.S. units are not part of the bankruptcy case. Cengage said ...

http://www.reuters.com/article/2013/07/02/cengage-bankruptcy-idUSL2N0F813L20130702?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews