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

  • New Hitachi Zaxis-5 for hire in Germany
    January 3, 2013
    One of the first new Hitachi Zaxis-5 models in Germany is available as part of official German dealer Kiesel’s rental fleet. The ZX670LCH-5 is working on a six-month assignment at one of Schön + Hippelein’s quarries, near the town of Heidenheim, to the west of Stuttgart in southern Germany. The large excavator has been drafted in to support two Hitachi ZX870H-3 loading shovels – said by Hitachi to be the first of their kind in Germany – at the Calcitwerk Heidenheim limestone quarry. It has been employed to
    Read More
  • Clean engines for industrial use
    October 12, 2018
    The European Parliament Environment Committee has voted on the proposal to amend Directive 2009/33/EU on the promotion of clean and energy-efficient road transport vehicles, the so-called Clean Vehicles Directive. However all amendments calling for inclusion of construction machinery into the scope of the CVD were rejected. This is in line with argumentation and awareness-raising actions undertaken by CECE, the body representing construction equipment manufacturers in Europe.
    Read More
  • Chinese investment will help with upgrading ring road in Nepal’s capital
    January 7, 2013
    The Chinese government is upgrading Nepal's capital Kathmandu ring road to eight lanes and the work is due for completion in the next three years. The upgrading includes improving a 9km section of road from Kalanki-Satdobato-Koteshwor. China agreed to widen the 27km ring road in February 2011. The construction work is being carried to a design developed by the Chinese Consultant Third Railway Survey and Design Institute Group Corporation. An agreement was signed between the two countries in Kathmandu at the
    Read More
  • SWARCO helps cut congestion at Dover Port and local roads
    September 29, 2016
    SWARCO is playing a key role in a US$110 million traffic-management improvement scheme at the UK’s Dover Port The port handles nearly $155 billion of trade annually and saw record freight volumes of 2.53 million units in 2015, up 5% on 2014. It handles up to 17% of all UK trade so its efficient operation is essential.
    Read More

Highlighted Content