Chrysler Group to Repay $7.5 Billion of Government Loans by the End of June


In order to pave the way for
Fiat to reach 51 percent ownership of the Chrysler Group, the Auburn Hills-based automaker announced today that it intends to repay in full the loans provided by the U.S. and Canadian governments back in 2009 ($7.53 billion in total).

The Chrysler Group said it plans to complete the repayment during the second quarter of 2011 (ending in June). The company will use money from a new term loan facility plus a new issue of debt securities that will be sold to institutional investors in a private offering along with proceeds from Fiat’s recent cash infusion to increase its stake in Chrysler.

Read more »

Tidak ada komentar:

Posting Komentar

Related Posts Plugin for WordPress, Blogger...
http://carscoop.blogspot.com/