Continental AG Announces New Syndicated Loan Agreement


Wednesday, 23 Jan 2013 04:09am EST 

Continental AG announced that it has signed a new syndicated loan agreement. Committed to by approximately 30 domestic and international banks, the credit amount has been reduced slightly. It totals EUR 4.5 billion and is split up into two tranches of differing duration - a loan in the amount of EUR 1.5 billion, with a term of three years, and a five-year revolving credit line in the amount of EUR 3 billion. 

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