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April 15, 2007
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Banks Postpone Chrysler Funding Plan
Wed, 25 Jul 2007 16:45:03 +0000 | Newsvine
Investment banks raising funds for the turnaround of Chrysler Group postponed a $12 billion debt offer after investors balked, so they will now fund the bulk themselves to keep the automaker's sale on track, people familiar with the matter said Wednesday.
Chrysler postpones $12 bln auto loan deal
| Findory News
Yahoo News: Reuters - Chrysler Corp. on Wednesday postponed its $12 billion auto loan deal, while Chrysler Financial Services sweetened the pricing on $6 billion of term loans for the second time, market sources told Reuters Loan Pricing Corp.
Financial stocks pressured amid Chrysler debt delay
| Findory News
Marketwatch: NEW YORK - Shares of financial stocks retreated late Wednesday morning after news that the sale of debt to support the main auto division of Chrysler has been delayed for a second time amid waning investor demand for leveraged loans and high-yield debt.
Chrysler may reduce dealer ranks
Wed, 25 Jul 2007 03:03 GMT | CayCompass.com
(AP) - Chrysler Group has begun warning some of its weakest dealers that it may attempt to shut them down if they don't improve sales within six months, a sign the auto maker is moving more aggressively
Banks postpone Chrysler finance plan
Wed, 25 Jul 2007 02:02 GMT | CayCompass.com
NEW YORK (AP) - Investment banks raising funds for the turnaround of Chrysler Group postponed a $12 billion debt offer after investors balked, so they will now fund the bulk themselves
Chrysler Deal in a Struggle for Financing
Thu, 26 Jul 2007 03:30:50 GMT | New York Times
Bankers have been unable to raise all of the money needed for the buyout of the Chrysler Group by a private-equity firm, but officials say the deal remains on track.
Banks rescue Chrysler sale to Cerberus
| Findory News
Boston Globe: NEW YORK -- Chrysler's sale to Cerberus Capital Management LP will be completed, after banks agreed to keep $10 billion of loans that investors refused to buy.
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