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Empresas y finanzas

Exclusive: Chrysler refinancing talks advance: sources


    NEW YORK/FRANKFURT/DETROIT (Reuters) - Chrysler Group LLC is in advanced discussions with banks on refinancing about $7 billion in government debt and establishing a credit facility in a process that would help clear the way for its initial public offering later this year.

    Chrysler, led by Chief Executive Sergio Marchionne, is looking to refinance a little over $7 billion of debt owed to the U.S. and Canadian governments, in a deal expected to include both bank term loans and bonds, six people with knowledge of the discussions said.

    (Reporting by Soyoung Kim in New York and Philipp Halstrick in Frankfurt; additional reporting by Clare Baldwin in New York and Deepa Seetharaman in Detroit; Editing by Richard Chang)