Fiat Chrysler unit FCA US spends $1.8 billion to pay off term loan

By Susanna Moon

Chicago, Feb. 24 – Fiat Chrysler Automobiles NV said subsidiary FCA US LLC prepaid its term loan due May 24, 2017.

FCA paid principal and accrued interest of $1.8 billion, or €1.7 billion, with cash on hand as part of its “continued focus to reduce gross debt,” according to a company notice.

FCA US is an Auburn Hills, Mich.-based automaker. FCA Group is a London-based automaker.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.