Chrysler Group Re - prices Loan to Improve Interest Rate


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Auburn Hills, MI--Jun 21, 2013: Chrysler Group LLC today announced that it has taken advantage of market conditions and its improved credit profile to reduce the interest rate for its $2.9 billion term loan and its undrawn $1.3 billion revolving credit facility. In addition, certain loan covenants have been amended to be in harmony with those in the Company’s bond agreement. Under current market conditions, th is action reduces the annual interest cost for the term loan by approximately $50 million. This annual savings is partly offset by a one - time call premium of $29.5 million paid to investors. The revolving credit facility maintains a maturity date of May 24 , 2016. The term loan maintains a maturity date of May 24, 2017.

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