(Bloomberg) -- Chrysler raised the proposed interest
rates on $6 billion of loans it is seeking for its finance unit
as investor demand slumps for high-yield debt.
The increase follows the carmaker's decision earlier this
week to boost rates it is offering on $12 billion more in loans
for its auto unit, said three investors, who declined to be named
because terms aren't public. Both are related to its takeover by
Cerberus Capital Management LP.
Read more at Bloomberg Bonds News
rates on $6 billion of loans it is seeking for its finance unit
as investor demand slumps for high-yield debt.
The increase follows the carmaker's decision earlier this
week to boost rates it is offering on $12 billion more in loans
for its auto unit, said three investors, who declined to be named
because terms aren't public. Both are related to its takeover by
Cerberus Capital Management LP.
Read more at Bloomberg Bonds News
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