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Prospect News home > News index > List of issuers C > Headlines for Chrysler LLC > News item
Published on 2/17/2009 in the Prospect News Bank Loan Daily and Prospect News Distressed Debt Daily.

Chrysler anticipates converting second-lien debt for equity

By Sara Rosenberg

New York, Feb. 17 - Chrysler LLC expects that its second-lien debt holders will convert all of their debt into equity, according to a company news release.

This debt conversion is part of the company's viability plan that was submitted to the U.S. Treasury Department on Tuesday.

Chrysler is an Auburn Hills, Mich.-based automotive company.


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