(Telestock) – Stellantisan Italian-French giant in the automotive sector, has extended the final deadline and amended its own €12 billion syndicated revolving credit facility (RCF)originally signed in July 2021.
The syndicated credit line includes a large group of 29 banks from Europe, America and Asia. The RCF is structured in two tranches: 6 billion euros, with a duration of 3 years (July 2027), and 6 billion euros, with a duration of 5 years (July 2029).
Each tranche benefits from two additional extension options of one year each, exercisable upon completion of the first and second year from the date of signing of the amendment.
The RCF, as amended with improved terms, “ensures financial flexibility and remains available for the general needs of the company – reads a note – This operation confirms the strong support given to Stellantis by international relationship banks”.