Αυτό που κυκλοφόρησε στα τέλη της περασμένης εβδομάδας έγινε πραγματικότητα σήμερα. Ο Sergio Marchionne ανακοίνωσε σήμερα επίσημα, ότι 6 χρόνια νωρίτερα από την αρχική συμφωνία, η Chrysler αποπλήρωσε τα δάνεια της προς τις κυβερνήσεις της Αμερικής και του Καναδά.
Σήμερα έδωσε 7.6 δις δολάρια στις δύο κυβερνήσεις (5.9 δις δολάρια στην Αμερική και 1.7 δις στον Καναδά) κλείνοντας έτσι έναν κύκλο μετά την χρεοκοπία της. Το δάνειο συνολικά ανήλθε στα 10.3 δις δολάρια μαζί με τόκους
Ο Sergio Marchionne δήλωσε:
Σε λιγότερο από δύο χρόνια επιστρέψαμε στο ακέραιο τα χρήματα που δανειστήκαμε από τους φορολογούμενους της Αμερικής και του Καναδά όπως υποσχεθήκαμε. Το δάνειο έδωσε σε εμάς μια σπάνια δεύτερη ευκαιρία ώστε να αποδείξουμε ότι οι άνθρωποι της εταιρίας αυτής μπορούν να κάνουν ξανά την Chrysler Group να αποκατασταθεί να καθιερωθεί ως μια ισχυρή και αξιόπιστη αυτοκινητοβιομηχανία.
Η Chrysler στην ουσία αναχρηματοδότησε το χρέος της με νέα κεφάλαια, μέσω νέων δανείων και νέων χρεογράφων τα οποία τα έδωσαν θεσμικοί επενδυτές. Στην ουσία η Chrysler πήρε νέο δάνειο με χαμηλότερο επιτόκιο θέλοντας να διώξει από πάνω της την πίεση της κυβέρνησης του Obama, σώζοντας ταυτόχρονα 350 εκατ. δολάρια από τόκους. Η κίνηση,σύμφωνα με τους οικονομολόγους, είναι προάγγελος για να ξεκινήσει η δημόσια εγγραφή της εταιρίας, κίνηση που αναμένεται μέσα στο 2011.
[Πηγή: Chrysler]
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Chrysler Group LLC Completes Refinancing and Repays U.S. and Canadian Government Loans in Full
- More than six years ahead of schedule, Chrysler Group fulfills promise to taxpayers and repays original government loans totaling $6.7 billion, in addition to $1.8 billion of interest and other consideration
- Intervention by U.S. and Canadian governments and strategic alliance with Fiat leads to 16 all-new or significantly refreshed vehicles currently in dealerships; more than $3 billion in facility upgrades; and increased employment with the hiring of 6,000 Chrysler Group employees
- Company’s return to profitability and double-digit worldwide sales increases show new product lineup gaining momentum in marketplace
May 24, 2011 , Auburn Hills, Mich. –
Chrysler Group LLC today announced the repayment of $7.6 billion in outstanding U.S. and Canadian government loans following the completion of new refinancing transactions. The original loans were repaid in full, more than six years ahead of schedule, along with the payment of accrued interest and additional consideration.
Today, the Company made payments of $5.9 billion to the U.S. Treasury (UST) and $1.7 billion to Export Development Canada (EDC) to retire the loans granted when Chrysler Group began operations in June 2009. EDC is the holding company through which the Canadian federal and Ontario provincial governments extended loans to Chrysler Group.
The Company borrowed $5.1 billion from the UST and $1.6 billion from the Canadian governments in June 2009 ($2.6 billion from the original loan facilities was undrawn and the facilities will be canceled). In total, Chrysler Group has paid the UST $6.5 billion and the EDC $2.0 billion, including $1.8 billion in interest and additional consideration.
“Less than two years ago, we made a commitment to repay the U.S. and Canadian taxpayers in full and today we made good on that promise,” said Sergio Marchionne, Chief Executive Officer, Chrysler Group LLC. “The loans gave us a rare second chance to demonstrate what the people of this Company can deliver and we owe a debt of gratitude to those whose intervention allowed Chrysler Group to re-establish itself as a strong and viable carmaker.
“Paying back the loans, along with the financial community’s investment in our refinancing packages, marks another step in the Company returning as a competitive force in the global automotive industry.”
Chrysler Group confirmed the completion of new financing transactions consisting of a term loan totaling $3.0 billion, debt securities totaling $3.2 billion and a revolving credit facility of $1.3 billion. The new financing will save Chrysler Group an estimated $350 million a year in interest expenses.
The Company used the net proceeds from the term loan and bonds, together with $1.3 billion from an equity call option exercised by Fiat for an incremental 16 percent fully diluted ownership interest, to repay the government loans. The revolving credit facility remains undrawn.
Chrysler Group continues to have more than $10 billion in liquidity after the refinancing and loan payoffs, which includes the undrawn revolving credit facility.
“Everyone in the extended Chrysler Group family, from employees to union partners to dealers and suppliers, have worked tirelessly to deliver on our promises and to win back public trust in the Company and our products,” said Marchionne. “There is more work to be done as we remain focused on fulfilling the goals outlined in our 2010-2014 business plan.”
Goldman, Sachs Co. advised Chrysler Group on structuring the financings and Evercore Partners advised the Company’s Finance Committee.
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