FRANKFURT, Nov 27 (Reuters) - Indebted German automotive supplier Continental AG aims to conclude negotiations over a refinancing of its syndicated loan with creditors before Christmas, several sources familiar with the matter said. Continental is set to pay a higher interest rate in exchange for postponing a 3.5 billion euro ($5.2 billion) tranche payment due in August next year. The supplier will refinance via a 1 billion euro capital increase and extend the remaining 2.5 billion in ...
Premium Content (PAID Subscription Required)
"Continental refinancing done by Christmas - sources" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642