Printer Friendly

KOCH FINANCIAL ACQUIRES ASSETS OF CHRYSLER CAPITAL PUBLIC FINANCE CORP.

KOCH FINANCIAL ACQUIRES ASSETS OF CHRYSLER CAPITAL PUBLIC FINANCE CORP.
 WICHITA, Kan., June 9 /PRNewswire/ -- Koch Financial Corporation, a wholly owned subsidiary of Koch Industries Inc., today announced that effective May 15, 1992, it had acquired major assets from Chrysler Capital Public Finance Corporation (CCPFC) based in Kansas City, Mo.
 Under terms of the acquisition Koch Financial Corporation assumes ownership of a substantial portion of CCPFC's municipal lease portfolio.
 "We are extremely pleased with the purchase. This acquisition represents a significant milestone for the company as we establish our presence and keen interest in the financial services industry," said C.J. Nelson, president of Koch Financial Corporation.
 "Koch Financial Corporation will evaluate additional municipal lease business opportunities on a nationwide basis that are in the essential use equipment category," Nelson added.
 Essential Use Equipment includes a wide category of equipment leased by municipalities such as police cars, fire trucks, emergency medical services units, and computers.
 Koch Industries, Inc., based in Wichita, Kan., is a privately held firm involved in virtually all phases of the oil and gas, chemicals, chemical technology, agriculture, and minerals industries, as well as financial services.
 -0- 6/9/92
 /CONTACT: Rich Tuttle of Koch Industries, 316-832-7462/ CO: Koch Financial Corporation; Chrysler Capital Public Finance Corp. ST: Kansas, Missouri IN: CHM SU: TNM


TQ-OS -- NY033 -- 8347 06/09/92 11:59 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 9, 1992
Words:225
Previous Article:ALLIED WASTE INDUSTRIES TO ACQUIRE SEVEN ILLINOIS WASTE COMPANIES
Next Article:CEPHALON AND SCHERING-PLOUGH CONTINUE RESEARCH COLLABORATION
Topics:


Related Articles
CHRYSLER FINANCIAL SENIOR DEBT LOWERED TO 'BB+', OFF FITCHALERT -- FITCH FINANCIAL WIRE --
CHRYSLER FINANCIAL CORPORATION EARNED $276 MILLION IN 1991
CHRYSLER FINANCIAL REPORTS THIRD-QUARTER NET EARNINGS OF $45 MILLION
CHRYSLER FINANCIAL $400 MILLION NOTES RATED 'BB+' BY FITCH -- FITCH FINANCIAL WIRE --
CHRYSLER FINANCIAL CORPORATION REPORTS 1992 NET EARNINGS OF $231 MILLION
CHRYSLER FINANCIAL COMPLETES SALE OF CHRYSLER FIRST TO NATIONSBANK
CHRYSLER FINANCIAL REPORTS NET EARNINGS OF $37 MILLION
CHRYSLER, CFC SENIOR DEBT UPGRADED TO 'BBB' FROM 'BB+' BY FITCH -- FITCH FINANCIAL WIRE --
Fitch IBCA Assigns Ratings to Chrysler Financial Co. L.L.C. - Fitch IBCA -.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters