UPDATE 1-Chrysler prices debt; to repay loans on May 24

Newswire

DETROIT, May 19 (Reuters) - Chrysler Group LLC detailed terms of a bond offering and term loan on Thursday that will be used to repay high-cost government loans and put the U.S. automaker on firmer financial ground. In all, Chrysler raised $7.5 billion: $3.2 billion in bonds, $3 billion in a term loan and a $1.3 billion revolving credit facility, the company said in a statement on Thursday. The bonds and the term loan, which total $6.2 billion, coupled with $1.3 billion in cash from ...

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