Chrysler To Repay Bailout With Bank Loans 4-28-2011 - WNEM TV 5

Chrysler To Repay Bailout With Bank Loans 4-28-2011

Chrysler said it will take out bank loans and sell debt later this quarter to repay $6.6 billion in bailout loans from the U.S. and Canadian governments.
The company said details are still being worked out for the refinancing package.
The terms could be disclosed on Monday when Chrysler releases its first-quarter earnings.
The move would bring the governments closer to getting much of their bailout money back.
Chrysler still owes $5 billion to the U.S. government and $1.6 billion to Canada.
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