Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) (“FCA”) announced today that it has successfully completed the syndication to a group of thirteen banks (inclusive of the two original underwriting banks) of the credit facility entered into on March 25, 2020 (“Credit Facility”).
The Credit Facility will be available for general corporate purposes and for working capital needs of the Group and is structured as a bridge facility to support the Group’s access to international capital markets.
The Credit Facility may be drawn in a single tranche of €3.5 billion, with an initial 12-month term which can be extended at the Group’s option for an additional 6-month term on the first anniversary of the signing.
The successful syndication confirms the strong support that FCA continues to enjoy from its relationship banks and supports FCA’s continued access to international capital markets in the current extraordinary circumstances.
SOURCE: FCA
