Peugeot: signs additional E3bn syndicated loan
(CercleFinance.com) - Groupe PSA announces a new syndicated credit line of 3 billion euros, which adds to a confirmed and undrawn back-up line of 3 billion euros, meaning a total of 6 billion euros.
This syndicated loan has an initial maturity of 12 months, which may be extended by another three to six months.
Philippe de Rovira, Chief Financial Officer of Groupe PSA, said, "This operation reinforces our ability to face up this exceptional situation and prepare the future. It also proves the confidence of our partner banks in the financial strength and recognized resilience of Groupe PSA".
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