The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

FCA Announces Signing of a 4.8 Billion Euros Syndicated Revolving Credit Facility


fca


LONDON -- June 9, 2015: Fiat Chrysler Automobiles N.V. ("FCA") announced today that it has entered into a €4.8 billion syndicated revolving credit facility ("RCF") with a group of twelve bookrunner banks.

MORE INFO

The RCF will be available for general corporate purposes and working capital needs of the Group, and will replace and expand the €2.1 billion 3-year revolving credit facility entered into by FCA on June 21, 2013, and the $1.3 billion 5-year revolving credit facility entered into by FCA US LLC ("FCA US") on May 24, 2011 ("FCA US RCF").

The RCF will be available in two tranches. The first tranche of €2.4 billion, which will be immediately available, has a 37-month tenor from signing and two extension options (1-year and 11-month, respectively) exercisable on the first and second anniversary of signing. The second tranche, which consists of an additional €2.4 billion, has a 60-month tenor from signing and will be available upon termination of the FCA US RCF and from the elimination of the restrictions under FCA US's financing documentation on the provision of guarantees or payment of dividends by FCA US for the benefit of the rest of the Group.

This transaction, which confirms the international key relationship banks' strong support for FCA, represents a further step towards a unified financing platform for the Group.