RLPC-Chrysler loans slump on liquidity rumors

Newswire

NEW YORK, June 26 (Reuters) - Chrysler's loans softened on Thursday amid rumors that the company is facing a Chapter 11 filing, despite assertions from the company that the rumor is "without merit," sources told Reuters Loan Pricing Corp. Chrysler Financial's first-lien term loan fell to a mid-level of 82 cents on the dollar, down about 4 cents, while Chrysler Corp's loan was quoted indicatively at a mid-level of about 55. "There is no basis for the rumor," Chrysler spokesman Dave ...

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