ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

HAL Halliburton Co.

31.64
0.18 (0.57%)
13:58:38 - Realtime Data
Share Name Share Symbol Market Type
Halliburton Co. TG:HAL Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.18 0.57% 31.64 31.49 31.77 31.75 31.485 31.75 1,396 13:58:38

UPDATE: Well-Known Names On Chrysler's Secured Lenders List

01/05/2009 11:28pm

Dow Jones News


Halliburton (TG:HAL)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more Halliburton Charts.

The Bill and Melinda Gates Foundation, Yale University and Halliburton Co. (HAL) are among Chrysler LLC's secured lenders, according to a court document filed in the U.S. Bankruptcy Court in Manhattan.

The list contains names of more than 100 secured lenders, including two funds run by Oppenheimer Funds and a hedge fund run by Stairway Capital Management. Oppenheimer and Stairway are known to have rejected the Treasury Department's debt-reduction deal offered to lenders. Another dissenter, Perella Weinberg Partners LP, was originally against the deal but changed its mind Thursday.

Others on the list, including the Kensington International Ltd. fund run by Elliott Management and a fund run by York Capital Management, are also known to have accepted Treasury's deal.

News of the filing was reported earlier by Bloomberg News.

A group of about 20 lenders, calling themselves the "non-TARP lenders" to distinguish themselves from the large banks that have received government bailout funds and that agreed to the Chrysler debt restructuring terms, have been blamed by the Obama administration for helping to send Chrysler into bankruptcy proceedings. Chrysler was offering $2.25 billion to its secured lenders, on $6.9 billion worth of debt.

A call to Tom Lauria, a lawyer representing the non-TARP lenders, was not immediately returned as he was flying from New York to Miami Friday. Besides Oppenheimer and Stairway, it is unclear which lenders are among those that rejected the Treasury's deal, and how many of them are part of the non-TARP lenders group.

President Obama chided those who rejected the deal on Thursday, saying they held out for "an unjustified taxpayer-funded bailout," hoping they could avoid the sacrifices that other stakeholders had made. "I don't stand with those who held out when everybody else is making sacrifices," he said.

Other big names on the list include a fund run by Oaktree Capital Management, three run by Trust Company of the West, and three others managed by Marc Lasry's distressed-investing firm, Avenue Capital Management. An Avenue spokesman declined to comment for this article.

-By Joseph Checkler; Dow Jones Newswires; 201-938-4297; joseph.checkler@dowjones.com

(Gregory Meyer contributed to this article.)

 
 

1 Year Halliburton Chart

1 Year Halliburton Chart

1 Month Halliburton Chart

1 Month Halliburton Chart

Your Recent History

Delayed Upgrade Clock