Nissan supplier Marelli filed for bankruptcy protection and secured $1.1 billion in new financing.

Japanese auto parts company Marelli Corp said in a statement on Wednesday that it had filed for Chapter 11 bankruptcy protection in the United States. There had been uncertainties in its negotiations with creditors in the previous months. The maker of automotive interiors and lighting equipment, majority-owned by private equity firm KKR, said it had secured a $1.1 billion financing commitment from lenders, and about 80% of its creditors had signed agreements supporting its restructuring. "Throughout the process and going forward, Marelli anticipates that the Chapter 11 proceedings will have no impact on operations," the company said in the statement. (Sina Finance)