Latest Cerberus Capital Management Stories

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.

2009-06-03 16:54:00

Company participates in FDIC's Temporary Liquidity Guarantee Program DETROIT, June 3 /PRNewswire/ -- GMAC Financial Services today announced that it has priced an offering for $4.5 billion of debt guaranteed by the Federal Deposit Insurance Corporation (FDIC) pursuant to the FDIC Temporary Liquidity Guarantee Program (TLGP).

Word of the Day
  • A volcanic mudflow.
The word 'lahar' comes from Javanese.