Chrysler Group LLC Announces Refinancing Transactions - WICU12 HD WSEE Erie, PA News, Sports, Weather and Events

Chrysler Group LLC Announces Refinancing Transactions

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact

SOURCE Chrysler Group LLC

AUBURN HILLS, Mich., Jan. 29, 2014 /PRNewswire/ -- Chrysler Group LLC ("Chrysler Group") announced today that it plans to offer up to $2.7 billion in aggregate principal amount of secured senior debt securities.  Chrysler Group also announced plans to commence marketing additional senior secured term loan facilities to raise up to an additional $2.0 billion.  The debt securities are intended to rank pari passu with Chrysler Group's existing secured senior notes and the term loan facilities are intended to rank pari passu with Chrysler Group's existing senior secured credit facilities.

Chrysler Group intends to use the net proceeds of the debt securities offering, together with borrowings under the senior secured term loan facilities, to repay all amounts outstanding under the unsecured note issued on June 10, 2009 to the VEBA Trust.

The debt securities will be sold in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The debt securities will not be and have not been registered under the Securities Act or the securities laws of any other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements of the Securities Act and applicable state laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow
3514 State St. Erie, PA 16508
Newsroom: (814)454-8812
Toll Free: 1(800)454-8812
Business offices: (814)454-5201
Share Stories
Submit your stories to our site!
Share Photos
Share your photos in our community galleries
Mobile Site
Be sure to stay constantly updated with the power of WICU12 and WSEE at your fingertips
Free Android App
Free iPhone App
Free iPad App
Storm Tracker App
All content © Copyright 2000 - 2014 WorldNow and WICU. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
                   WICU/WSEE - 3514 State Street Erie, PA 16508 - (814) 454-5201 -