Chrysler Finco Offered With Bigger OID, Fatter Pricing

A reworked deal for Chrysler Financial has been rejiggered again to get it done before Friday. Investors said lead JPMorgan sent out an e-mail today offering a new original-issue discount being talked at 95/96 on both tranches of debt; pricing widened again on the deal, to LIBOR plus 4% on the first lien and 6 1/2% on the second lien.