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Peugeot announces signature of 3 billion euro syndicated credit facility

Tuesday, 8 Apr 2014 12:07pm EDT 

Peugeot SA:Signs 3-billion-euro syndicated credit facility comprising 2.0-billion-euro tranche expiring in five years and 1.0-billion-euro tranche expiring in three years with two optional one-year extensions.Line of credit is contingent on completion of the share and rights issues announced on Feb. 19 and will replace the 2.4-billion-euro facility arranged in July 2010 and expiring in July 2015.New facility was underwritten in amount of €2.7 billion by nine banks in February and subsequently syndicated.