Chrysler debt offer raised, holdouts targeted

Wed, 04/29/2009 - 20:41 EDT - Reuters - Business News

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DETROIT/LOS ANGELES (Reuters) - The U.S. Treasury raised its offer by $250 million in debt restructuring talks with Chrysler LLC lenders on Wednesday as part of a final push to win over lenders holding out for better terms and avoid bankruptcy, two people person briefed on the closed-door talks said.

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Chrysler debt offer raised, holdouts targeted (Reuters)
Reuters - The U.S. Treasury raised its offer by $250 million in debt restructuring talks with Chrysler LLC lenders on Wednesday as part of a final push to win over lenders holding out for better terms and avoid bankruptcy, two people person briefed on the closed-door talks said.
Treasury raises offer to Chrysler lenders: sources (Reuters)
Reuters - The Treasury has raised its offer to Chrysler lenders with just over a week remaining for the embattled automaker to reach deals to cut its debt, labor costs and reach an alliance with Italy's Fiat SpA , sources said on Wednesday.
Treasury raises offer to Chrysler lenders: sources
NEW YORK (Reuters) - The Treasury has raised its offer to Chrysler lenders with just over a week remaining for the embattled automaker to reach deals to cut its debt, labor costs and reach an alliance with Italy's Fiat SpA, sources said on Wednesday.
Chrysler lenders propose equity swap terms: source
DETROIT (Reuters) - Chrysler LLC's first-lien lenders have submitted a counter-offer to the U.S.
Detroit hails return of the truck as auto show prepares to show some muscle
In-Depth Look - GM, Chrysler May Be Into Bankruptcy - Bloomberg
GM, Chrysler May be Put into Bankruptcy to Protect Loans, GM to Begin Debt Restructuring Talks Today, People Say; Interview with Mike Ramsey of Bloomberg News (Market Pulse)
Report: Treasury makes offer to Chrysler lenders (AP)
The Treasury Department lobbed back a new offer to Chrysler LLC's lenders, proposing that banks and hedge funds which hold $6.9 billion in debt forgive $5.4 billion in exchange for a 5 percent stake in a Chrysler-Fiat alliance, media reports said late Wednesday.
Chrysler lenders offer to swap $2.5B for equity
DETROIT (AP) -- Chrysler LLC's lenders are offering to erase $2.5 billion of Chrysler's $6.9 billion secured debt in exchange for equity, according to a person briefed on the proposal....
Chrysler lenders offer to swap $2.5B for equity (AP)
Chrysler LLC's lenders are offering to erase $2.5 billion of Chrysler's $6.9 billion secured debt in exchange for equity, according to a person briefed on the proposal.
AP Source: Lenders preparing Chrysler counteroffer (AP)
A person briefed on the negotiations says banks and other lenders that hold $6.9 billion in Chrysler LLC debt will soon make a counteroffer to the government and Chrysler that likely will include an equity stake in the automaker.

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Chrysler debt offer raised, holdouts targeted

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