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

  • A major Chinese car manufacturer is investing in research in the UK
    August 3, 2012
    Sophisticated vehicle technologies will derive from a new investment by a Chinese manufacturer into UK research. Car company FAW is providing Nottingham University with a €1.3 million (£1 million), three year research contract. Under the terms of the agreement, Nottingham University will work with FAW on the development of a number of low carbon technologies. These will include thermal management and heat transfer, which have been identified as key challenges for both hybrid electric and pure electric vehic
    Read More
  • Ammann finalises ABG paver acquisition
    June 4, 2024
    Ammann Group has finalised its ABG paver acquisition.
    Read More
  • US$613 million new New Zealand road funding budget
    June 12, 2024
    New Zealand is setting a new road funding budget worth US$613 million.
    Read More
  • Romania seeking EU funding for road projects
    October 12, 2018
    Romania is keen to develop its road network and is seeking EU funding to help pay for a series of major projects. One of the key projects being prioritised is for the new ring road around the capital Bucharest. Building this ring road would reduce the numbers of vehicles having to pass through the city, helping to address congestion issues at peak periods. The Romanian Government is hoping to source a finance package worth over €1.3 billion from the EU for the ring road. Meanwhile tender process is under
    Read More

Highlighted Content