UPDATE 1-Fiat to meet with creditor banks on Nov 27-sources

Newswire

(Adds details of convertible loan) MILAN, Nov 19 (Reuters) - Italian automaker Fiat will meet on November 27 with the eight banks that provided it a three billion euro ($3.6 billion) loan in July 2002, financial sources said on Wednesday, confirming press reports. The loan, which expires in 2005, can be converted into Fiat shares if debt-related targets are not met. There has been speculation that the banks, which are eager not to end up with a stake in Fiat, could seek to modify the ...

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