Bankers Find No Takers for Chrysler Debt

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

2 Comments

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

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Michelle Krebs Michelle Krebs, veteran automotive-industry authority, joins Edmunds editors, analysts and data experts to provide news and commentary.
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