Wednesday, July 25, 2007

Chrysler loan delayed but deal said on track

(Reuters) - Market sources also told Reuters Loan Pricing Corp. that underwriters remained committed to providing the needed financing for the deal, which marks the first time that a buyout firm has taken over a major U.S. automaker.




The delay in the sale of the loan and wider pricing for other Chrysler-related loans underscored a new skittishness in the debt markets. It also threatened to complicate pending asset sales that are part of the restructuring of the struggling U.S. auto industry.


Read more at Reuters.com Bonds News

No comments: