Germany's Schaeffler agrees $5.1 bln refinancing


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 ...


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×