The Deal
Sunday, November 22, 
12:26 pm

Cerberus sweetens Chrysler's debt offering

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Chrysler_pentastar.gif As The Deal speculated might happen, Cerberus Capital Management LP has had to sweeten its debt offering for its Chrysler buyout. According to Bloomberg, J.P. Morgan Chase & Co. and the other banks tasked with selling the debt have reportedly increased the rate of return on $12 billion worth of loans. Cerberus is seeking $20 billion of loans to fund the buyout — with the remaining $8 billion of loans slated for Chrysler Finance. —Matthew Wurtzel

See story from Bloomberg
See story from The Financial Times
See related story from TheDeal.com
See post from BloggingStocks
See July 10 loan story from TheDeal.com
See deal's announcement from TheDeal.com
See DaimlerChrysler Dealwatch

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