PSA Peugeot Citroën: Banque PSA Finance Adapts and Improves the Conditions of Its Financial Security
06 Februar 2015 - 9:05AM
Business Wire
Regulatory News :
PSA Peugeot Citroën (Paris:UG) :
On 5 February 2015, Banque PSA Finance signed a new €700 million
5-year syndicated credit facility.
With the participation of 13 banks, the new facility was
oversubscribed and the total amount was deliberately capped at €700
million. The new facility was competitively priced with a long
maturity.
On the same day, Banque PSA Finance repaid and cancelled the
€4.1 billion syndicated facility and €1.2 billion revolving
facility signed on 11 January 2013, as well as the €2 billion
syndicated facility signed on 13 December 2011.
These transactions are correlated to the launch of the new local
partnership with Santander Consumer Finance in France and the
United Kingdom, which has led to a significant reduction in Banque
PSA Finance’s needs in terms of both financing and financial
security.
The success of this new facility reflects the market’s
confidence in Banque PSA Finance's new environment.
Communications Division - 75 avenue de la
Grande-Armée - 75116 Paris, France+33 1 40 66 42 00 –
psa-peugeot-citroen.com – @PSA_news
PSA Peugeot CitroënPressJean-Baptiste Thomas, +33
(0) 1 40 66 47 59jean-baptiste.thomas@mpsa.comPierre-Olivier
Salmon, +33 (0) 1 40 66 49 94pierreolivier.salmon@mpsa.comPierre
Nectoux, +33 (0) 1 46 39 54
43pierre.nectoux@mpsa.comorInvestorsFrédéric Brunet, +33 (0)
1 40 66 42 59frederic.brunet@mpsa.comAnne-Laure Desclèves, +33 (0)
1 40 66 43 65annelaure.descleves@mpsa.comKarine Douet, +33 (0) 1 40
66 57 45karine.douet@mpsa.com
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