RPT - Continental refinances 4.5 bln euro loan to fund growth

Newswire

BERLIN, May 6 (Reuters) - German auto parts and tyre maker Continental refinanced a 4.5 billion-euro ($6.25 billion) loan, reducing its interest payments as the company aims to fund future expansion. Hanover-based Continental said on Tuesday it replaced the loan at the end of April with a new syndicated loan of the same amount, adding that the interest margin has almost been halved. The company reinforced its outlook, saying it expects further ...

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