Chrysler hedge fund holdouts bow to reality (Dealscape

Fiat SpA's plan to buy some of Chrysler LLC's assets for $2 billion won much-needed support on Friday when main opponents of the U.S. Treasury-sponsored deal threw in the towel.

A group of 20 creditors that had lined up against the plan, the so-called committee of non-TARP lenders, announced it has disbanded. The group, which included New York money manager OppenheimerFunds Inc. and distressed investor Stairway Capital Management II LP, hold about $1 billion in secured Chrysler debt.

This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools.

To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button.

Dig deeper, with Pipeline.

315 articles related to Fiat SpA
277 articles related to Chrysler LLC
53 in-depth reports of Bankruptcy M&A deals in the Automotive sector
28 company pages related to Chrysler
10 years of news and analysis archives from the voice of The Deal Economy

Most searched keywords

Deutsche Bank
Birds Eye
Cadbury AG
Agrium Inc.
Skadden Arps
Revolution Money
Tandberg ASA
Aisling Capital
Ken Lewis
Natco

Forward-looking intelligence allows you time to act. View this video on our restructuring content to see how you can benefit from our expertise.
NOT A SUBSCRIBER? Chrysler hedge fund holdouts bow to reality Posted on May 11, 2009 10:54 AM Fiat SpA's plan to buy some of Chrysler LLC's assets for $2 billion won much-needed support on Friday when main opponents of the U.S. Treasury-sponsored deal threw in the towel. A group of 20 creditors that had lined up against the plan, the so-called committee of non-TARP lenders, announced it has disbanded. The group, which included New York money manager OppenheimerFunds Inc. and distressed investor Stairway Capital Management II LP, hold about $1 billion in secured Chrysler debt. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 315 articles related to Fiat SpA 277 articles related to Chrysler LLC 53 in-depth reports of Bankruptcy M&A deals in the Automotive sector 28 company pages related to Chrysler 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

Sales Contact Michael Crosby mcrosby@thedeal.com 212.313.9325	Media Contact Martha Brown mbrown@thedeal.com 212.313.9218
Signing in signifies that you agree to our terms and conditions. View our privacy policy.