Chrysler deal close

• Source: Global Times
• [23:39 May 05 2011]
• Comments

US carmaker Chrysler is planning to close a deal to refinance $7.5 billion of government debt by May 24. The restructuring of debt Chrysler owes to the US and Canadian governments will let it save $200 million a year.

The deal will comprise a credit line for $1.5 billion, eight- and 10-year bonds worth $2.5 billion and $3.5 billion of guaranteed six-year notes.

Reuters