Owner’s Manual

Cerberus Capital Management LP will meet with prospective investors this week as it works to secure $62 billion of debt for Chrysler Group and Chrysler Financial, The Wall Street Journal reports this week. So far, Bear Stearns Cos., Morgan Stanley, Citigroup Inc., Goldman Sachs Group, and J.P. Morgan Chase & Co. have agreed to raise money for the deal, according to the publication. The latter three have been asked to participate in a $2 billion revolving credit facility and a $4 billion loan for Chrysler Financial, according to Standard & Poor’s. Cerberus agreed May 14 to buy an 80.1 percent stake in Chrysler for $7.4 billion. Click the link above to read the full article (subscription required).