RLPC-VW signs 5 bln euro loan refinancing

Newswire

July 28 (Reuters) - Volkswagen has signed a 5 billion euro ($7.2 billion) multicurrency revolving credit facility that replaces a 7.8 billion euro facility, the lead banks said in a statement on Thursday. The financing, which will also be used for general corporate purposes, attracted a strong level of interest in syndication, raising close to 9 billion euros from lenders despite paying an initial margin of just 35 basis points (bps) over EURIBOR. A total of 33 lenders participated in ...

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