This new RCF is structured in two tranches benefiting from two additional extension options, each lasting one year.
Stellantis announced on Friday that it had signed a new syndicated revolving credit facility (“RCF”) of 12 billion euros, with a group of 29 banks.
This new RCF replaces the existing syndicated RCFs of the PSA group (3 billion euros) and of the FCA group (6.25 billion euros), thus offering an increase in the overall liquidity of the group and an extension of the duration of the ease, the group said in a statement.
Two 3 and 5 year installments
Can be used for general purposes, it is structured in two tranches: 6 billion euros, with a duration of 3 years, and 6 billion euros, with a duration of 5 years, each tranche benefiting from two options. additional extensions, each lasting one year.
This successful transaction confirms the solid support enjoyed by Stellantis, born this year from the merger of Peugeot-Citroën and Fiat-Chrysler, from its international partner banks, the press release said.
Stellantis announced in early July that it would install its third battery factory for electric cars at its site in Termoli, in southern Italy. After France and Germany, “we have reached an agreement with the Italian government to support the transformation of our engine plant in Termoli», Had indicated the general manager of the group, Carlos Tavares.