Ford to cut debt by nearly $10 billion - Dodge Nitro Forum
Chrysler/Dodge/Jeep News Find out the latest scoop here!

LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 04-06-2009, 03:02 PM Thread Starter
Super Moderator
rickaren's Avatar
Join Date: Nov 2006
Location: Indiana
Posts: 22,860
Ford to cut debt by nearly $10 billion

Ford to cut debt by nearly $10 billion

Posted Monday, Apr 6, 2009, 1:48 pm in Employee News

Ford Motor Co. said today that it expects to shed about 38 percent of its automotive debt, allowing the company to slash its annual interest payments by more than $500 million and improving the company’s chance to survive without resorting to federal loans, the Detroit Free Press reported.

The debt reduction is the result of three separate offers Ford announced on March 3 that gave investors an opportunity to accept payments at less than the face value of bonds and loans, the Free Press said. The holders of $9.9 billion in debt accepted those offers, the paper reported.

The Free Press said the transactions will allow Ford to reduce its automotive debt from $25.8 billion to $15.9 billion. The acceptance period for two of the three offers closed on Friday and a loan repurchase offer expired last month, the paper said.


Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is online now  
Sponsored Links

  Dodge Nitro Forum > Dodge Nitro News & Polls > Chrysler/Dodge/Jeep News

Quick Reply

Register Now

In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ford Leaving Chrysler, GM in Its Rearview rickaren Chrysler/Dodge/Jeep News 0 03-08-2009 04:33 PM
Chrysler in 102-Day Race to Keep Federal Loans rickaren Chrysler/Dodge/Jeep News 1 12-20-2008 08:38 AM
Chrysler: $6.1 billion in the bank rickaren Chrysler/Dodge/Jeep News 0 11-18-2008 09:26 PM
GM-Chrysler? Oh, never mind! rickaren Chrysler/Dodge/Jeep News 4 11-08-2008 08:04 AM
Sirius XM Up to Its Ears in Debt rickaren Chrysler/Dodge/Jeep News 1 09-26-2008 08:09 AM

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome