Stellantis signs new €12 billion syndicated revolving credit facility

By William Gullotti

Buffalo, N.Y., July 23 – Stellantis NV announced it entered into a new €12 billion syndicated revolving credit facility with a group of 29 relationship banks, according to a press release on Friday.

The new facility replaces two existing ones from Groupe PSA (€3.0 billion) and FCA Group (€6.25 billion), increasing the company’s overall liquidity by €3 billion.

The new revolver is structured in two €6 billion tranches. The first features a three-year tenor, and the second has a five-year tenor. Both tranches benefit from two further one-year extension options.

Stellantis is an automaker and mobility provider based in Amsterdam.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.