VW says negotiating 12.5 bln euro credit line

Newswire

HAMBURG, Germany, May 30 (Reuters) - Volkswagen is in the process of negotiating a 12.5 billion-euro ($15.7-billion) syndicated credit line with several banks, Europe's biggest carmaker said on Monday. The facility would back up the group's short-term commercial paper programme and be renewed on a revolving basis, a company spokesman said, confirming a report by Spanish news agency Europa Press. "We want to wrap up this refinancing by mid-June," the spokesman said.

Premium Content (PAID Subscription Required)

"VW says negotiating 12.5 bln euro credit line" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×