The deeply indebted Finova Group Inc., which announced Tuesday that it had arranged a $6 billion loan commitment from Leucadia National Corp. and Berkshire Hathaway Inc., provided more details about its restructuring plan on Wednesday.

The Scottsdale, Ariz., financial services holding company, which is headed for bankruptcy court, said it would use the $6 billion senior secured five-year term loan to pay down its existing bank and publicly traded debt, which totals $11 billion. But some creditors and bondholders would be paid after Berkshire Hathaway, of Omaha, and New York-based Leucadia.

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