WRAPUP 1-Chrysler buyout loan delayed but deal said on track

Newswire

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 ...

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