RPT-Schaeffler to announce major refinancing plan - sources

Newswire

(Repeats to additional Reuters clients) FRANKFURT, March 27 (Reuters) - Family-owned ball-bearings maker Schaeffler will unveil a major refinancing plan on Sunday, through which it will sell some of its indirectly held shares in German automotive supplier Continental AG , four sources told Reuters. The proceeds from the sale of the Continental shares will be used to partly repay some of its debt. Interest rates and maturities of the remaining loans are expected to be improved through ...

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