Chrysler Group is seeking to refinance about $7 billion in debt owed to the U.S. and Canadian governments, Reuters reports. The refinancing package is expected to include both bank term loans and bonds. The company is also planning to secure a credit facility worth $2-3 billion. The automaker is being advised by Goldman Sachs on debt restructuring. The refinancing will help clear the way for Chrysler’s initial public offering later this year.
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