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Market Impact: 0.38
Radiant World Table Shows Six Lenders With $870 Million Exposure
Source: Bloomberg
Commodities & Raw MaterialsCredit & Bond MarketsLegal & LitigationCompany Fundamentals
Embattled commodity trader Radiant World disclosed $870 million in outstanding obligations to six creditors that financed its receivables, according to a spreadsheet filed in legal proceedings. The sizable creditor exposure highlights acute balance-sheet and counterparty risk for the company and could pressure lenders and trading counterparties.
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