Fiat Chrysler extends €6.25 billion revolver maturity to March 2024

By Marisa Wong

Morgantown, W.Va., March 27 – Fiat Chrysler Automobiles NV announced it amended its €6.25 billion syndicated revolving credit facility originally signed in June 2015.

The company entered into the amendment with a group of 26 banks to extend the maturity of the facility to March 2024.

The amended revolver will be available for general corporate purposes and for working capital needs and is structured in two tranches: €3,125,000,000 with a 37-month tenor and two extension options of one year and of 11 months exercisable on the first and second anniversary of the amendment signing date, respectively; and €3,125,000,000 with a 60-month tenor.

Fiat Chrysler is an Auburn Hills, Mich.-based automaker.

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