Holdout Lenders Revealed In Chrysler Ch. 11

Law360, New York (May 6, 2009, 12:00 AM EDT) -- The group of creditors that objected to an out-of-court restructuring of Chrysler LLC revealed the names of its members Wednesday after the bankruptcy court overseeing the automaker’s Chapter 11 proceedings ordered the disclosure.

In a statement filed in the U.S. Bankruptcy Court for the Southern District of New York, the five remaining members of the group calling itself “the non-TARP lenders” told the court they hold $295 million of Chrysler’s $6.9 billion of senior secured loans taken out by the automaker when it was repurchased from...
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