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

  • IronPlanet celebrates 14 years of online auctions
    March 28, 2014
    IronPlanet, the leading online marketplace for buying and selling used heavy equipment, is this week celebrating the 14th anniversary of its first auction. “We’re excited to celebrate 14 years of growth since our first online auction,” said Greg Owens, CEO, IronPlanet. “We have attracted more than one million registered users around the globe and sold more than US$3.5 billion of equipment over the Internet. Our success is based on our customers’ recognition that IronPlanet offers the industry’s most eff
    Read More
  • EBRD funding for St Petersburg project?
    April 27, 2012
    The European Bank for Reconstruction and Development (EBRD) intends to provide a US$277 million (€200 million) loan to the Northern Capital Highway consortium, which will build the central 11.5km section of St Petersburg’s Western High Speed Diameter (WHSD) route. The EBRD’s board of directors has said will consider the loan on 14th February 2012. The finance package is of note as Russian road projects have largely found funds from other sources so far. The Northern Capital Highway consortium estimates the
    Read More
  • Caterpillar's record-breaking year
    April 24, 2012
    Caterpillar delivered record-breaking sales and revenues of US$60.1 billion in 2011, an increase of 41% from $42.6 billion in 2010, with profit at $4.9 billion, an increase of 83% ffrom $2.7 billion in 2010. Fourth-quarter sales and revenues in 2011 were an all-time quarterly record at $17.2 billion, an increase of 35% compared with $12.8 billion in the fourth quarter of 2010. Fourth-quarter profit was $1.5 billion compared with $968 million in the fourth quarter of 2010.
    Read More
  • Volvo CE pursues American Dream
    May 4, 2012
    Volvo Construction Equipment has begun the first phase of the US$100million expansion of its site in Shippensburg, Pennsylvania. The initial works include the construction of a new America’s HQ office and demonstration centre. Incorporating the latest environmental building practices, the expansion is said by Volvo CE to be a visible sign of the company’s commitment to the North American market. The completed facility will also localise production of some of Volvo CE’s larger construction machines. These a
    Read More

Highlighted Content