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

  • Wacker Neuson Q2 2012 profits fall by 38%
    August 21, 2012
    German light and compact equipment manufacturer, Wacker Neuson, saw its second-quarter 2012 profit fall 38% to €13.8 million, down from €22.5 million in Q2 2011. The Munich-based firm’s quarterly earnings per share dropped 37.5% to 0.20 euros from last year's 0.32 euros. On a more positive note the company’s revenue in Q2 2012 quarter rose 6.5% percent to €284.2 million, from €266.9 million euros in the prior-year quarter.
    Read More
  • Manitou and Yanmar form ‘strategic alliance’
    January 6, 2017
    Manitou and Yanmar have formed a ‘strategic alliance’ to boost commercial opportunities in the United States for the two leading construction.
    Read More
  • Manitou and Yanmar form ‘strategic alliance’
    February 1, 2012
    Manitou and Yanmar have formed a ‘strategic alliance’ to boost commercial opportunities in the United States for the two leading construction.
    Read More
  • Philips CityTouch brings street lighting into focus
    December 20, 2016
    As far as 99% of any city’s population is concerned, street lights are just, well, there. But big changes are taking place, as explained by lighting systems provider Philips Lighting. Street lighting has been with us for more than a century. With the exception of the early 20th century switchover from gas to electricity and the recent most important invention of LEDs, there have been few obvious changes.
    Read More

Highlighted Content