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Chrysler Group LLC completes $5 bln debt offering


Monday, 10 Feb 2014 02:00am EST 

Chrysler Group LLC:Says closing of its previously announced offering of secured senior debt securities, raising about $3.0 bln in net proceeds; and senior secured term loan facilities, raising about $2.0 bln in net proceeds.Chrysler Group applied the proceeds of the debt offering to prepay all amounts outstanding, including accrued and unpaid interest, of about $5.0 bln under the senior unsecured note issued on June 10, 2009 to the VEBA Trust with an original face amount of $4.587 bln. 

Company Quote

50.04
0.165 +0.33%
5:47am EDT