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

  • Wheeled loaders cut cycle times, boost productivity
    April 4, 2012
    With the Tier 4 interim/Stage IIIB emissions requirements due next year, further upgrades will be required for all wheeled loaders sold in Europe and North America. In the mean time manufacturers are focussing on improvements that cut cycle times, boost productivity and reduce downtime for example. From Doosan comes the DL420 wheeled loader, which takes over from the previous DL400 and is aimed at use in a range of materials-handling work. The DL420 features a 4m3 bucket and is a 22.3tonne machine that
    Read More
  • Papua New Guinea road rehab plan
    June 11, 2018
    The Asian Development Bank (ADB) is providing a loan facility that will help Papua New Guinea to rebuild its Highlands Highway.
    Read More
  • Bridge savings in Scotland to fund road improvements
    August 27, 2014
    The project to construct the new Forth Crossing close to Scottish capital Edinburgh is looking extremely positive, with cost savings envisaged for the bridge. The Queensferry Crossing scheme now looks to require slightly less funding than had been originally expected when the plans were unveiled in 2011, due in part to tight controls over spending. The bridge costs had been budgeted at close to €2 billion (£1.6 billion) initially but the project now looks likely to cost €1.81 billion (£1.45 billion). The sa
    Read More
  • Thai government prioritises five new roads worth US$9.27 billion by 2020
    April 24, 2013
    The Thai government has prioritised the construction of five roads worth US$9.27 billion (THB 267bn) and totalling 705km in length by 2020. Chula Sukmanop, director general for Thailand’s Office of Transport and Traffic Policy and Planning, said that three of the new roads will be financed by a loan secured by the government. The new highways being built include Bang Pa-in-Nakhon Sawan Road at a cost of $1.293 billion (THB 37.3bn) and Nakhon Pathom-Cha-am Road at a cost of $1.529 billion (THB 44.10bn). The
    Read More

Highlighted Content