Cerberus to Raise $57 billion in Debt for Chrysler Purchase, Zetsche Says

(Bloomberg) -- Cerberus Capital Management LP plans
to raise about $57 billion of debt as part of its buyout of
Chrysler, according to DaimlerChrysler AG Chief Executive
Officer Dieter Zetsche.

Chrysler's finance unit will take on about $45 billion in
debt through high-yield bonds or asset-backed securities, and
its manufacturing division will borrow another $12 billion,
Zetsche said in an interview today in Stuttgart, Germany.


Read more at Bloomberg Bonds News