Chrysler: The credit market precedent (Dealscape

President Obama pushed Chrysler LLC into bankruptcy court on Thursday, saying the move was forced by a "handful of speculators" -- in other words, the minority of the automaker's secured creditors who refused to go along with a government-designed deal that aims to leapfrog the unsecured claims of the United Auto Workers over theirs.

That prompted many folks to ask about the implications for future access to credit by industrial companies, especially big, troubled, unionized ones. With Chrysler -- and soon, perhaps, General Motors Corp. -- as precedent, and with the rules suddenly looking flexible when the going gets tough, will lenders think twice about getting involved in such situations?

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256 in-depth reports of Bankruptcies in the Automotive sector
250 articles related to Chrysler LLC
98 articles related to President Obama
16 company pages related to Chrysler
10 years of news and analysis archives from the voice of The Deal Economy

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NOT A SUBSCRIBER? Chrysler: The credit market precedent Posted on May 1, 2009 4:27 PM President Obama pushed Chrysler LLC into bankruptcy court on Thursday, saying the move was forced by a "handful of speculators" -- in other words, the minority of the automaker's secured creditors who refused to go along with a government-designed deal that aims to leapfrog the unsecured claims of the United Auto Workers over theirs. That prompted many folks to ask about the implications for future access to credit by industrial companies, especially big, troubled, unionized ones. With Chrysler -- and soon, perhaps, General Motors Corp. -- as precedent, and with the rules suddenly looking flexible when the going gets tough, will lenders think twice about getting involved in such situations? 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. 256 in-depth reports of Bankruptcies in the Automotive sector 250 articles related to Chrysler LLC 98 articles related to President Obama 16 company pages related to Chrysler 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Idearc Inc. Deutsche Bank Amusement parks Deb Shops Windstream Corp. Concho Resources Hanna Andersson Tween Brands Edward Bastian		EXISTING USERS Username Password Forget your password? Missing a product?

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