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US: Chrysler presses ahead with refinancing talks

Chrysler is reported to be in what are described as "advanced discussions" with banks on refinancing about US$7bn in government debt and establishing a credit facility, both of which are viewed as positive steps ahead of an initial public offering (IPO) later in 2011. According to Reuters, citing multiple sources said It’s time to log … Continued

Chrysler is reported to be in what are described as "advanced discussions" with banks on refinancing about US$7bn in government debt and establishing a credit facility, both of which are viewed as positive steps ahead of an initial public offering (IPO) later in 2011.

According to Reuters, citing multiple sources said

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