Chrysler raises $6.2 billion in new debt: sources

Reuters

NEW YORK (Reuters) - Chrysler Group LLC borrowed $6.2 billion in new debt, $200 million more than the amount initially targeted by the automaker, people familiar with the matter said on Thursday.

Chrysler has increased the amount of first-lien term loans to $3 billion from $2.5 billion, while second-lien bonds were cut by $300 million to $3.2 billion, these people said.

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Meanwhile, Chrysler's revolving credit facility has also been reduced to $1.3 billion from the initially planned $1.5 billion, the people said.

(Reporting by Michelle Sierra and Soyoung Kim; Editing by Lisa Von Ahn)