Residential Capital LLC warned that its net worth may require a capital contribution from its parent to maintain compliance with consolidated tangible net worth covenants contained in its credit facilities, according to a filing with the Securities and Exchange Commission Wednesday. The Minneapolis-based company also said it commenced a cash tender offer for a series of notes. ResCap said its parent is currently negotiating other strategic alternatives, including "potential acquisitions as well as dispositions, alliances, and joint ventures with a variety of third parties with respect to some or all of ResCap's businesses."
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