Fiat renews 2 bln euro revolving credit line

Newswire

MILAN, June 21 (Reuters) - Italian carmaker Fiat said on Friday it had renewed a three-year, 2 billion-euro ($2.64 billion) revolving credit line with nine banks. The credit line is intended to replace a 1.95 billion-euro credit facility of the same duration signed in July 2011, the company said in a statement. "The operations shows the strong support for the Fiat group from its key banks," it said. Fiat owns 58.5 percent of U.S. peer Chrysler ...

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