US CREDIT-Ford likely to pursue further debt restructurings

Newswire

By Karen Brettell NEW YORK, June 25 (Reuters) - Ford Motor Co is likely to pursue additional debt restructurings that may include a debt exchange, or a debt to equity swap, as the company burns through cash and takes on new government loans. Ford, the only U.S. automaker not to file for bankruptcy protection this year, is expected to tap government loan commitments that will increase its debt at the same time as a pullback in consumer spending is hammering demand for automobiles. As ...

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