Chrysler Seals $4.8 Billion Debt Refinancing, to Save $400 Million

Newswire

MILAN, Feb 5 (Reuters) - Chrysler Group is set to raise about $4.8 billion in debt that will use to repay an existing bond, allowing the U.S. car maker owned by Italy's Fiat to save around $134 million a year in interest costs between 2014 and 2016. Fiat Chrysler said on Wednesday that U.S. unit Chrysler, now merged into the new FCA group, had priced $1.375 billion in senior debt due in 2019 to yield 6.165 percent. It also priced a $1.38 billion 2021 senior bond to yield 6.433 percent. ...

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