According to an article in the Business section of today’sNew 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, clickhere.
Chrysler Debt Plan Jeopardized by Bank Holdouts (4/29/09)
Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!