Debt Management News Archive

05-Apr-2009

 

  • U.S. talks to Chrysler lenders to cut debt: sources (Washington Post)
    NEW YORK (Reuters) - Chrysler LLC's lenders are in talks with the U.S. government to reduce the automaker's debt by swapping some of it out for equity, new debt or a lesser amount in cash, sources familiar with the talks said on Friday.


  • Nonprofit hospitals chase debt (The Myrtle Beach Sun News)
    Horry County's nonprofit hospitals are this area's most aggressive debt collectors, filing more lawsuits against residents than any other business in 2008, according to an analysis of court documents by The Sun News.


  • Report: Banks balk at efforts to cut Chrysler debt (Sioux City Journal)
    NEW YORK (AP) -- Chrysler LLC's lenders are resisting efforts to convert most of the automaker's debt to equity, a conversion key to Chrysler's plan to restructure without filing for bankruptcy protection, according to a published report.


  • Freescale?s Debt War With Its Noteholders (New York Times)
    We are continuing to see creativity and litigation as private equity firms struggle to restructure the debt of their portfolio companies. Apollo Management ?s failed first attempt to implement a highly aggressive debt exchange offer for Realogy is one such example.


  • Banks balk at Chrysler debt plan (Richmond Times-Dispatch)
    Chrysler LLC?s lenders are resisting efforts to convert most of the automaker?s debt to equity, a conversion key to Chrysler?s plan to restructure without filing for bankruptcy protection, according to a published report. Banks including JPMorgan Chase & Co., Goldman Sachs, Citigroup Inc. and Morgan Stanley loaned Chrysler $6.8 billion in 2007 when Cerberus Capital Management LP acquired an 80.1 ...


  • Treasury, Chrysler Banks Start Talks on Debt Exchange (Update2) (Bloomberg)
    April 3 (Bloomberg) -- The U.S. Treasury has begun talks with a syndicate of Chrysler LLC?s bank lenders about exchanging the automaker?s debt for an equity stake, ending months of stalemate, people familiar with the situation said.


  • Fiat, Chrysler Pushing Debt Holders, Union to Wrap Up Deal (Washington Post)
    With just less than a month to finalize their alliance, Chrysler and Fiat are scrambling.


  • Report on Chrysler Debt (WXYZ-TV Detroit)
    Report Says Banks balk at efforts to cut Chrysler debt.



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