Latest Cerberus Capital Management Stories

2009-09-16 14:31:00


2009-07-15 14:28:00

MIAMISBURG, Ohio, July 15 /PRNewswire/ -- NewPage Corporation ("NewPage") announced today several concurrent transactions which are intended to increase NewPage's operating flexibility and reduce its indebtedness.(Logo: http://www.newscom.com/cgi-bin/prnh/20080514/NEWPAGELOGO)As part of the concurrent transactions, NewPage is seeking to amend certain provisions of its senior secured term loan credit facility and senior secured revolving credit facility, and to purchase and cancel a portion of...

2009-07-14 12:32:00

FARMINGTON HILLS, Mich., July 14 /PRNewswire/ -- Chrysler Financial announced today it has repaid in full the $1.5 billion of Troubled Asset Relief Program (TARP) government loans.

2009-07-06 10:00:00

DETROIT, July 6 /PRNewswire/ -- GMAC Financial Services has been notified that the U.S. Bankruptcy Court has approved the sale of assets of General Motors Corporation to an entity sponsored by the U.S. Treasury.

2009-06-09 13:00:00

Ford Motor Co Treasurer Neil Schloss says keeping the second-largest US automaker free of government loans has its advantages.

Word of the Day
  • A pivoted catch designed to fall into a notch on a ratchet wheel so as to allow movement in only one direction (e.g. on a windlass or in a clock mechanism), or alternatively to move the wheel in one direction.
The word 'pawl' probably comes from a Latin word meaning 'stake'.