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

  • CNH’s new EMEA boss shares priorities and views on construction equipment market
    February 26, 2013
    Mario Gasparri, head of the CNH Construction Equipment business for its new Europe, Middle East, Africa (EMEA) business region, outlines his and the Group’s immediate and long-term priorities “The creation of Fiat Industrial by bringing together the three businesses of CNH, Iveco and FPT Industrial has resulted in a business operating on a vast scale: Fiat Industrial is one of the top three global groups in the capital goods industry. Because of the large scale of Fiat Industrial and the huge scope of our b
    Read More
  • CNH Global alters alliance with Kobelco Construction Machinery
    January 2, 2013
    CNH Global says it’s entering the ‘next phase’ of agreements with Kobelco Construction Machinery, following an ongoing strategic review of its construction equipment business. Under the new, non-exclusive licensing and supply agreements, which took effect on January 1, 2013, CNH and Kobelco Construction Machinery are unwinding their joint ownership and equity participations in all the companies formed in connection with their previous alliance and eliminating any geographical exclusivity rights associated w
    Read More
  • 90% of Ukraine roads require major repairs, according to state agency advisor
    February 21, 2013
    A reported 90% of Ukraine's 169,000kms of roads require major repairs at a minimum cost of US$55.49 billion (UAH 450bn), according to the advisor of the head of Ukravtodor state agency Engeniy Prusenko. The budget of the state program for motor road development in 2013-2018, approved by the Ukrainian cabinet of ministers in September 2012, amounts to UAH 264bn. Prusenko says that the program's funding is carried out according to plan, but it is not enough to conduct the needed amount of repairs. The governm
    Read More
  • US$2.66 billion tender for Poland’s A1 motorway will be called in mid-2013
    January 25, 2013
    Poland's General Directorate for National Roads and Motorways (GDDKiA) is to announce a US$2.66 billion [€2bn] tender in mid-2013 for the construction of the A1 motorway between Pyrzowice near Katowice and Tuszyn near Lodz. According to the head of GDDKiA, the tender for the 140km-long road will be divided into sections of around 20km. The Polish government has given up on its original idea of constructing the road on a PPP model, since Eurostat insisted that the cost of the project should be added to Polan
    Read More

Highlighted Content