Unsecured creditors of Allied Systems Holdings Inc. say that the car hauler's proposed bankruptcy loan from private equity owner Yucaipa Cos . would "shackle the hands" of the company, Dow Jones DBR Small Cap reported today. Yucaipa, a private equity firm controlled by financier Ron Burkle, owns 70 percent of Allied's equity, holds a majority of the company's $244 million in first-lien debt and is providing at least 75 percent of the proposed $20 million bankruptcy financing.
