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Fiat Chrysler subsidiary plans to redeem notes due 2019 on May 14
By Marisa Wong
Madison, Wis., April 14 – Fiat Chrysler Automobiles NV’s subsidiary, FCA US LLC, plans to redeem its secured senior notes due 2019 on May 14, according to a news release.
The redemption will be funded with the proceeds from FCA’s offering of senior debt securities.
The company announced on Tuesday that it closed its $3 billion offering of 4½% senior notes due 2020 and 5¼% senior notes due 2023.
The automaker is based in London.
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