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Fiat Chrysler to redeem Chrysler notes, refinance term loans, revolver
By Susanna Moon
Chicago, Oct. 29 – Fiat Chrysler Automobiles NV said it plans to redeem Chrysler Group’s outstanding secured senior notes and to refinance the group’s term loans and revolving credit facility.
The company will redeem the notes by the initial optional redemption date of June 2015 for Chrysler Group’s 8% senior secured notes due 2019 and June 2016 for Chrysler Group’s 8¼% secured senior notes due 2021, according to a press release.
The company also expects to refinance Chrysler Group’s term loans and revolver by that time, the release noted.
The company said it is planning to eliminate any contractual terms limiting the free flow of capital among members of the group.
The company is a London-based auto manufacturer.
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