Categories: Europe

Stellantis indicators $14 billion credit score facility with 29 banks

MILAN — Stellantis stated on Friday it had signed a 12 billion euro ($14 billion) revolving credit score facility with a bunch of 29 banks, “out there to be used generally company functions.”

The power is made up of two tranches value 6 billion euros every, with three- and five-year maturities, which will be each prolonged by one yr, stated the group, shaped initially of this yr by way of the merger of Fiat Chrysler Vehicles and PSA Group.

The brand new facility replaces two present ones from PSA and FCA, value a complete 9.25 billion euros, offering the group with a rise in its general out there liquidity and an extension of the power’s length, Stellantis said in a statement.
 

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