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

  • Rapid adoption of GPS machine control
    April 5, 2012
    The high sophistication of GPS machine control systems has resulted in a fast pace of technological advancement. The three major players in the machine control sector, Leica Geosystems, Topcon and Trimble have all made major gains in recent years. The sophistication of the latest systems can combine satellite position data from the GPS and GLONASS networks with information from total stations to provide precise, high speed machine operation. Further more the firms have also prepared themselves for the intro
    Read More
  • Hannes Norrgren takes over as new Volvo Penta president 
    October 26, 2022
    Hannes Norrgren has been appointed president of Volvo Penta's industrial business unit and a member of the company's executive management group.
    Read More
  • JCB CEO outlines the company’s 2021 plans while welcoming rising global equipment demand
    April 14, 2021
    JCB CEO Graeme Macdonald says the global construction and quarrying equipment giant is creating hundreds of new jobs and expanding production capabilities as it responds to healthier equipment demand in 2021.
    Read More
  • Cost reductions on Russian highways
    July 12, 2012
    Major cost reductions are being seen on some key highway projects in Russia including the new ring road project in St Petersburg, where the reduction is US$192.31 million. The management of the ring road in St Petersburg has signed an agreement with the main contractors (Flora, the corporation Inzhtransstroy) to cut costs by 12-17.6% in 2009-2010. The 12% reduction is equivalent to US$32.05 million and will apply to contractors that are to complete facilities in 2009. Meanwhile the 17.6% cut is for work pla
    Read More

Highlighted Content