BREAKINGVIEWS-Ford's debt deal spreads the love

Newswire

By Antony Currie NEW YORK, June 30 (Reuters Breakingviews) - The automaker is paying off $3 bln of healthcare debt early, soon after repaying a similar amount of loans. That keeps the union and the banks happy. And it's good news for shareholders, too. Using cash to reduce liabilities reduces the chances of a dilutive stock issue. A considered view will be published shortly. CONTEXT NEWS -- Ford Motor is paying off early $2.9 billion of the money it owes the UAW healthcare trust ...

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