DETROIT/NEW YORK, July 25 (Reuters) - DaimlerChrysler AG's $7.4-billion deal to spin off Chrysler hit a speed bump on Wednesday when bankers were forced to postpone a $12 billion syndicated loan needed to finance the deal. DaimlerChrysler and Chrysler's planned buyer, Cerberus Capital Management, both said they were confident that the landmark deal would close as planned in the current quarter. Market sources also told Reuters Loan Pricing Corp. that underwriters remained committed to ...
Premium Content (PAID Subscription Required)
"WRAPUP 1-Chrysler buyout loan delayed but deal said on track" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642