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

  • Volvo CE and SDLG deepen partnership
    May 23, 2019
    Volvo CE and SDLG are further deepening their corporate cooperation. From December 2020 excavators weighing 15tonnes or more that are made for the Chinese market will now bear the Volvo CE brand. These machines will also feature the latest Volvo CE technology. This is a marked change from the present situation, with Volvo CE and SDLG selling their separate products in China. However with the coming introduction of the China IV emission standards, the excavators weighing 15tonnes or more will feature the
    Read More
  • CEA chief says UK budget heralds “Good week for Construction Industry”
    March 20, 2014
    CEA (Construction Equipment Association) chief executive Rob Oliver has described this week as a “good week for the [UK] Construction Industry” - after hearing Chancellor of the Exchequer George Osborne’s budget speech. “Last year the CEA lobbied for special funding for road repairs – the £200 million (€238.66 million) ‘pothole’ fund is, therefore, helpful,” said Oliver. He continued, “Of potentially more significance is the doubling of the annual investment allowance to £500,000 (€596,673) until the end
    Read More
  • Aggregate Industries wins contract extension from Highways England
    July 9, 2018
    Aggregate Industries has won a four year extension to its contract for road maintenance from Highways England. The new deal is managed through the new Category Management Framework. Worth some £2.3 billion, this will see Aggregate Industries working on five of the six Major Regional Lots to provide pavement works on projects where the pavement element is estimated at over £1 million, irrespective of overall scheme value. The value of the works to Aggregates Industries is estimated to be in excess of £500 mi
    Read More
  • A future UK government should focus more on potholes and road safety
    April 10, 2015
    With a national UK election looming next month, a future government must make road safety a top priority, said the Institute of Advanced Motorists (IAM). Half of motorists in a recent survey of 2,156 people, and conducted IAM in March, said the current administration has not given the issue as much attention as is needed. The number one issue that the government should be focussing on, according to 70% of respondents, is the reduction of the number of potholes. The backlog of repairs now tops more
    Read More

Highlighted Content