RLPC-Chrysler readies $20 bln loan for Cerberus buyout

Newswire

NEW YORK, June 25 (Reuters) - J.P. Morgan is launching this week a $20 billion senior secured bank loan to back Chrysler Holdings' buyout by Cerberus Capital Management [CBS.UL], banking sources told Reuters Loan Pricing Corporation. The deal is split between bank loans for Chrysler Financial Services and Chrysler Corp. The loan for Chrysler Financial Services consists of a $2 billion revolver, a $4 billion term loan B and a $2 billion second-lien term loan. The financing for Chrysler ...

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