DaimlerChrysler Corp. said Tuesday that it would combine its existing credit lines into a $17 billion facility to be syndicated by Chase Manhattan Corp. and Deutsche Bank. The debt consolidation follows the merger last November of Germany's Daimler-Benz AG with Chrysler Corp. of the U.S., which created DaimlerChrysler.

The restructuring, which is not believed to include any new financing, is part of the merged company's drive to use its newly-strengthened credit rating to reduce debt costs.

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