Three funds hold out in Chrysler debt deal-sources

Newswire

DETROIT, April 29 (Reuters) - Three fund management companies which hold Chrysler LLC's secured debt were holding out against the proposed terms in the automaker's debt restructuring talks as of Wednesday afternoon, two people briefed on the closed-door negotiations said. The three creditors unprepared to accept the U.S. Treasury's offer of $2 billion in cash to extinguish $6.9 billion in secured debt were Oppenheimer Funds, Perella Weinberg Partners and Stairway Capital, the sources said. ...

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