Banks agree to write down Chrysler debt-source

Newswire

WASHINGTON, April 28 (Reuters) - A deal has been reached for banks that hold debt of troubled automaker Chrysler Corp. to write down its value, a source familiar with the matter said on Tuesday. "We do have an agreement with the four principal banks in the Chrysler bank group under which they will forgo their...$6.9 billion of claims against Chrysler in return for $2 billion of cash at closing," the source said. (Reporting by Caren Bohan, Editing by Chizu Nomiyama)

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