Chrysler Debt Plan Jeopardized by Bank Holdouts (4/29/09)
According to an article in the Business section of today’s New York Times, the
debt plan designed by the Obama administration and the Treasury Department to
save Chrysler could be derailed by some of the company’s 46 creditors who are
unwilling to accept the terms of the agreement, which includes $2 billion in
cash in exchange for the elimination of $6.9 billion in secured debt.
To read the full article, click here.
To read the full article, click here.
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