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

  • Metso signs three new Life Cycle Services contracts with Pacific Rim customers
    December 18, 2017
    During the first quarter of 2017, Metso signed three new long-term maintenance contracts with major extraction companies in the Pacific Rim region. Through these new Life Cycle Services (LCS) contracts, Metso will provide improvements in the availability of equipment to meet production targets and reduce maintenance costs in operations. Metso's LCSs include the entire range of Metso services bundled into tailored, easily manageable packages. These service packages can span multiple years and are measured
    Read More
  • Colombian deals
    February 7, 2012
    The Colombian authorities are agreeing terms with the Colombian electricity transmission company Interconexion Electrica (ISA) for the Autopistas de la Montana highway project. The Bogota-Villavicencio highway was also awarded although other infrastructure projects are still awaiting approval.
    Read More
  • LGA fears UK roads pothole crisis
    November 28, 2012
    The Local Government Association (LGA) fears further cuts to its road maintenance budget, or a cold winter, may lead to potholes appearing across thousands of miles of UK roads. The LGA says that since the formation of the coalition government in 2010, its highways maintenance budget has been reduced by almost US$798.35million (£500mn). The LGA is responsible for maintaining local roads spanning 180,000miles in England and Wales.
    Read More
  • Training as well as test equipment is a must for emerging markets
    April 27, 2015
    Emerging markets, such as North and East Africa, are developing an appetite for materials testing equipment, but suppliers need to provide expertise and training as well as a broad range of machines, as Kristina Smith finds out Asking what sort of testing equipment is required for Africa is a little bit like asking what sort of food Europeans like to eat. The answer is that requirements vary enormously from the most basic and ancient of tests to the very cutting edge of dynamic testing. “You have some
    Read More

Highlighted Content