RLPC-VW launches 5 bln euro loan refinancing

Newswire

June 27 (Reuters) - Volkswagen AG said on Monday it had launched syndication of a 5 billion euro ($7.2 billion) revolving credit facility that will refinance an existing 7.8 billion euro credit line that is due to mature in June 2012. The financing carries a five-year maturity with two one-year extension options. Relationship banks have been invited to join the financing which is being coordinated by Citi and Commerzbank. VW said the reduced size of the financing reflects its strong ...

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