Fiat Industrial renews 3-year committed revolving credit facility

Fiat Industrial has signed the renewal of a US$2.69 billion (€2bn) three-year committed revolving credit facility with 21 banks. The deal is said by Fiat Industrial to demonstrate the strong support the Group enjoys from its key relationship banks. The facility is intended for general corporate purposes and working capital needs and replaces the US$2.69 billion three-year revolving credit facility originally signed in December 2010.
February 8, 2013 Read time: 1 min
6892 Fiat Industrial has signed the renewal of a US$2.69 billion (€2bn) three-year committed revolving credit facility with 21 banks.

The deal is said by Fiat Industrial to demonstrate the strong support the Group enjoys from its key relationship banks. The facility is intended for general corporate purposes and working capital needs and replaces the US$2.69 billion three-year revolving credit facility originally signed in December 2010.

For more information on companies in this article

Related Content

  • LiuGong expands operations
    March 1, 2012
    Chinese firm LiuGong is opening its Asia Pacific headquarters in Singapore.
    Read More
  • Hyundai aims to be in top three of construction equipment manufacturers
    January 6, 2017
    Hyundai Heavy Industries has ambitious plans to grow from a US$3.7 billion a year business to more than $9.5 billion by 2016. At the worldwide launch of its new flagship R1200-9 (120tonne-class) excavator at INTERMAT, the company unveiled plans to expand its manufacturing facilities and said it wants to move into the top three construction equipment manufacturers. Underlining its intention of competing on a broad front in all sectors of the construction and mining equipment business, Hyundai’s introduction
    Read More
  • Hyundai aims to be in top three of construction equipment manufacturers
    April 17, 2012
    Hyundai Heavy Industries has ambitious plans to grow from a US$3.7 billion a year business to more than $9.5 billion by 2016. At the worldwide launch of its new flagship R1200-9 (120tonne-class) excavator at INTERMAT, the company unveiled plans to expand its manufacturing facilities and said it wants to move into the top three construction equipment manufacturers. Underlining its intention of competing on a broad front in all sectors of the construction and mining equipment business, Hyundai’s introduction
    Read More
  • MPA survey shows 'some growth'
    March 15, 2012
    A Mineral Products Association (MPA) survey results for the fourth quarter of 2011 indicate that while overall industry markets were broadly positive during 2011,
    Read More

Highlighted Content