* Chrysler lenders offer to cut debt to $3.75 bln

* Drop request for Fiat investment, preferred stake

* Proposed terms would give creditors 40 pct equity stake (Adds detail from debt restructuring offer, updates sourcing)

By Jui Chakravorty Das and Poornima Gupta

NEW YORK/DETROIT, April 24 (Reuters) - Chrysler LLC's lenders offered to cut the amount they are owed in a proposal to the Obama administration that points to an acceleration in the pace of high-stakes debt restructuring talks, according to two people with direct knowledge of the proposal.

Chrysler's lenders are owed almost $7 billion and face pressure to accept a reduced amount of debt and equity in a restructured automaker ahead of an April 30 deadline for Chrysler to clinch an alliance with Italy's Fiat SpA (FIA.MI: Quote, Profile, Research).

In their second offer to U.S. officials, which was delivered on Friday, Chrysler's lenders are seeking $3.75 billion in debt and a 40 percent equity stake, according to one of the people who asked not to be named because of the confidential nature of the talks.

The offer represents a $750 million concession compared with the $4.5 billion in remaining debt the Chrysler creditors had asked for earlier this week.

In other concessions, the lenders dropped requests that Fiat invest another $1 billion in Chrysler and that they be given $1 billion in preferred equity in the automaker, one the people with knowledge of the proposal said.