Chrysler To Repay Bailout With Bank Loans, Bonds

DETROIT -- Chrysler says it will take out bank loans and sell debt later this quarter to repay $6.6 billion in bailout loans from the U.S. and Canadian governments.

The company says details are still being worked out for the refinancing package. The terms could be disclosed on Monday when Chrysler releases its first-quarter earnings.

Chrysler still owes $5 billion to the U.S. government and $1.6 billion to Canada.

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