RLPC-Porsche's banks agree 8.5 bln euro loan -sources

LONDON Nov 11 (Reuters) - German carmaker Porsche's (PSHG_p.DE) banks have agreed an 8.5 billion euro ($12.74 billion) syndicated loan, banking sources said on Wednesday.

All of Porsche's banks rolled their commitments into the new loan, which refinances an earlier 10.8 billion euro loan, a senior banker close to the deal said.

"We need to finalise the loan documents, but at least all commitments are in place, which is a great result," he said.

Porsche gave its banks a tight deadline of a few days to agree the loan ahead of Volkswagen's (VOWG.DE) supervisory board meeting today and Porsche's tomorrow, which will thrash out details of the companies' merger, he added. [ID:nL6692639]. (Reporting by Tessa Walsh, editing by Will Waterman)