Lenders holding loans to Caldor Corp., the failing discount retailer, are likely to recover their investment, say bankers familiar with bankruptcy lending.

Loans to Caldor, which announced plans Friday to close its remaining 145 stores, were secured by the retailer's inventory and real estate. The Norwalk, Conn.-based company reported assets of $1.05 billion in a third- quarter filing with the Securities and Exchange Commission.

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