Dec. 19 (Bloomberg) -- Ally Financial Inc., the auto lender majority-owned by the U.S. government, repaid $4.5 billion of debt backed by the Federal Deposit Insurance Corp. to exit the crisis-era program.
The debt was issued June 3, 2009 and matured today, the Detroit-based company said today in a statement. Ally in October had already repaid $2.9 billion issued under the program.
To contact the reporter on this story: Dakin Campbell in San Francisco at firstname.lastname@example.org
To contact the editors responsible for this story: David Scheer at email@example.com.