Fiat Chrysler Automobiles : FCA announces upsizing and maturity extension of its syndicated revolving credit fa...
April 27, 2017 at 11:57 am EDT
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Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) ('FCA') announces that it has amended its syndicated revolving credit facility originally signed in June 2015 ('RCF').
The amendment, entered into with a group of twenty-seven banks, provides for an increase of the banks' commitment from €5.0 billion to €6.250 billion and for the extension of the RCF's final maturity to March 2022.
The RCF, as amended, will be available for general corporate purposes and for working capital needs of the Group and is structured in two tranches: €3.125 billion, with a 37-month tenor and two extension options of 1-year and of 11-months exercisable on the first and second anniversary of the amendment signing date, respectively, and €3.125 billion, with a 60-month tenor.
This transaction confirms the international key relationship banks' strong support to FCA.
London, 30 March 2017
This press release contains forward-looking statements. These statements are based on the Group's current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including: volatility and deterioration of capital and financial markets, including possibility of new Eurozone sovereign debt crisis, changes in commodity prices, changes in general economic conditions, economic growth and other changes in business conditions, weather, floods, earthquakes or other natural disasters, changes in government regulation, production difficulties, including capacity and supply constraints, the proposed separation of Italiana Editrice S.p.A. and many other risks and uncertainties, most of which are outside of the Group's control.
For further information:
tel.: +39 (011) 00 63088
Email: mediarelations@fcagroup.com
www.fcagroup.com
Fiat Chrysler Automobiles NV published this content on 30 March 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 April 2017 15:57:22 UTC.
Original documenthttp://www.press.fcaemea.com/press/article/fca-announces-upsizing-and-maturity-extension-of-its-syndicated-revolving-credit-facility
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Stellantis N.V. is one of the world's leading car manufacturers. The activity is essentially organized around 4 sectors:
- sales of passenger cars and light commercial vehicles: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys brands;
- sale of luxury vehicles: Maserati and DS Automobiles brands;
- sale of automotive equipment: interior systems, car seats, car exteriors, emission control systems, etc.;
- other: sales financing services (purchase, rental, leasing, etc.), after-sales services, etc.; - other: sales financing services (purchase, rental, leasing, etc.).
Net sales are distributed geographically as follows: the Netherlands (0.8%), North America (46.7%), France (9.5%), Brazil (7.3%), Italy (6.2%), Germany (5.5%), the United Kingdom (4.4%), China (0.6%) and other (19%).
STELLANTIS N.V. 
