UPDATE 1-Continental in deal to cut bank borrowing costs


* Banks agree to lower lending costs for 6 bln eur loan * Conti accepts 500 mln eur less in refinancing * Shares up 3.6 pct at 63.16 eur (Adds details) FRANKFURT, March 29 (Reuters) - German automotive parts supplier Continental shrank the volume and extended the maturities of a 6.5 billion euro ($9.18 billion) credit line, giving the indebted company more financial breathing room. "On the basis of our good results for 2010 and our positive outlook, we were able to achieve the ...

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