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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.
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