PSA Peugeot Citroën renews its confirmed line of credit* for €2.7 billion
19 Februar 2014 - 9:01AM
Business Wire
Regulatory News:
PSA Peugeot Citroën (Paris:UG) today announced the renewal of
€2.7 billion syndicated credit facility comprising a €2.0 billion
five-year tranche and a €0.7 billion three-year tranche with two
optional one-year extensions.
The new line would be subject to the completion of the €3
billion capital increases announced today. It would replace the
€2.4 billion line of credit set up in July 2010 and maturing in
July 2014 for €0.2 billion and July 2015 for €2.2 billion, enabling
the Group to increase its financial flexibility and to extend the
maturity of its financial resources.
The line will be underwritten by 9 banks, demonstrating their
confidence in the Group and their support to its strategy. It will
be syndicated and fully documented in the coming weeks.
In conjunction with the capital increases announced today, this
operation is designed to strengthen the Group’s financial profile,
robustness and financial security.
* Subject to the completion of the €3 billion capital increase
announced today.
About PSA Peugeot Citroën
With its two world-renowned brands, Peugeot and Citroën, PSA
Peugeot Citroën sold 2.8 million vehicles worldwide in 2013, of
which 42% outside Europe. The second largest carmaker in Europe,
PSA Peugeot Citroën recorded sales and revenue of €54 billion in
2013. The Group is the European leader in terms of CO2 emissions,
with an average of 116.2 grams of CO2/km in 2013.
PSA Peugeot Citroën has sales operations in 160 countries. It is
also involved in financing activities (Banque PSA Finance) and
automotive equipment (Faurecia).
For more information, please visit
www.psa-peugeot-citroen.com
Communications Department - 75 avenue de la
Grande Armée - 75116 Paris
Telephone +33 1 40 66 42 00 -
psa-peugeot-citroen.com
PSA Peugeot CitroënMedia contacts:+33 1 40 66
42 00
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