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Cable box company Contec restructures

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A Schenectady-based cable box repair company owned by Bain Capital has completed its bankruptcy restructuring. Contec Holdings Ltd. had filed for Chapter 11 bankruptcy protection in August as the company worked to reduce its long-term debt. The company’s plan was accepted in October by Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware and took effect Friday. Contec’s lenders have extended a $25 million loan and $35 million in other ...

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