Germany's Schaeffler agrees $5.1 bln refinancing

Newswire

FRANKFURT, July 17 (Reuters) - German car parts supplier Schaeffler said it signed a new credit agreement worth 3.875 billion euros ($5.1 billion) to replace existing bank loans. "Through these measures, cost of debt will be further reduced and the capital structure on the holding level will be significantly improved," Schaeffler said on Wednesday. The arrangement, struck with several international banks, includes term loans worth 2.175 billion euros with ...

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