Chrysler $4 bln loan sale likely postponed-WSJ

Newswire

NEW YORK, Nov 19 (Reuters) - The $4 billion sale of loans backing Cerberus Capital Management LP [CBS.UL] August purchase of Chrysler LLC that was to take place this week will likely be postponed, the Wall Street Journal reported on Monday. Orders for the loans were due Monday, and so far, demand has been sluggish, the Journal reported. Underwriters were J.P. Morgan Chase, Citigroup, Goldman Sachs, Morgan Stanley and Bear Stearns. The Journal, citing an unnamed source, reported that a ...

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