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

  • IL&FS get LoI for US$263.9mn Kiratpur Ner Chowk Expressway contract
    March 15, 2013
    Kiratpur Ner Chowk Expressway has given IL&FS Engineering Services (IL&FS) a letter of intent (LoI) for an engineering, procurement and construction (EPC) contract in India worth US$263.9 million (INR 14.36bn). Under the deal, IL&FS will undertake a scope of work including minor bridges, five tunnels, 18 major bridges, toll plazas, 67.3km of road work and related infrastructure. The expressway project includes the EPC contract as well as expanding the Kiratpur Ner Chowk section of the National Highway 21 in
    Read More
  • Efficient asset management to trim maintenance budgets
    January 22, 2014
    Transport infrastructure is taken for granted in many, if not most, developed countries. This has resulted in a shortage of investment in maintenance, posing potential long term cost issues. In many developing nations transport networks are expanding fast, but insufficient thought is also being given to how these will be maintained.
    Read More
  • Cutting road deaths around the world
    February 27, 2020
    A new funding source will help cut road deaths around the world.
    Read More
  • Smart road test facility in Virginia
    July 28, 2015
    A test stretch of road in the US is playing a valuable role in developing technology and boosting traffic safety -*Tom Gibson writes Located a short distance from the Virginia Tech campus in the mountains of rural southwest Virginia in the mid-Atlantic region of United States, the Virginia Smart Road looks like a conventional road. But venturing to either end of the 3.5km-long thoroughfare reveals that it actually goes nowhere, at least for now. The result of a plan conceived back in the 1980s, the Vi
    Read More

Highlighted Content