FRANKFURT, Sept 26 German carmaker Daimler
said it has signed a 9 billion euro ($12.13 billion)
credit facility, taking advantage of favourable market
conditions to replace an existing, smaller loan.
The facility will run for five years and has two extension
options, Daimler said in a statement on Thursday.
The carmaker does not intend to use the credit line. Once it
has been signed, Daimler will prematurely end an existing
syndicated credit line of around 7 billion euros.
"We decided to renew the existing credit line at this early
stage primarily due to the favourable market conditions, and
have thus gained a sound liquidity cushion for the longer term,"
finance chief Bodo Uebber said.
($1 = 0.7418 euros)
(Reporting by Victoria Bryan; editing by David Evans)