Chrysler may have to pay 2pt premium over Libor-WSJ

Newswire

July 28 (Reuters) - Chrysler LLC's financing arm may have to pay a premium of about 2 percentage points above Libor to renew its credit facility, the Wall Street Journal said on Monday, citing people involved in the deal. The spread over Libor would be at least three times as high as it was last year, according to these people, the Journal said. Precise termed were not known, the newspaper said. Chrysler could not be reached immediately for comment. (Reporting by Varsha Tickoo in ...

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