Bankers Find No Takers for Chrysler Debt
November 21, 2007
Bankers for Chrysler failed to sell $4 billion of loans that backed the purchase of the automaker by Cerberus Capital Management LP, investors briefed on the decision told various media outlets. Demand for high-yield, high-risk loans has dried up, they say.
This is the second time Chrysler’s bankers have failed to sell Chrysler debt. They were unable to find investors for $10 billion of loans in August for the original acquisition of Cerberus’ 80.1% purchase of Chrysler from Daimler.
Posted by Michelle Krebs at 6:32 AM under Chrysler , News | Comments (2) | digg this | Seed Newsvine
This is only the tip of a VERY LARGE iceberg. Read this-
http://www.topspeed.com/cars/car-news/is-cerberus-going-to-take-chrysler-down-with-it-ar47900.htm
Posted by: fulcrumb | November 24, 2007 at 11:05 AM
OK, I'm digitally challenged. Try this-
http://www.topspeed.com/cars/chrysler/index29.html
Posted by: fulcrumb | November 24, 2007 at 11:27 AM