Chrysler To Re-Finance Debt, Pay Loans

Chrysler To Re-Finance Debt, Pay Loans
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Chrysler is preparing to pay back $6.6 billion on government loans, but the company will do so not from its own cash but by re-financing existing debt. Current terms of the government loans have Chrysler paying 12 percent interest per year. While Chrysler would not be out of debt, they would theoretically free themselves from… Continue Reading...