06.12.2013 17:59:00
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PSA Peugeot Citroën : Banque PSA Finance Extends the Maturity of a Syndicated Facility for 1.8 Billion Euros to December 2016
Regulatory News:
PSA Peugeot Citroën (Paris:UG):
Banque PSA Finance signed a 3-year syndicated revolving credit facility on December 13rd, 2011, with the possibility of two 1-year extensions, at the banks' option.
Following a first extension in December 2012, this syndicated credit facility is rolled over again, for one year, and will provide a 1.8 billion euros facility to Banque PSA Finance until December 2016.
Extension was subscribed by 22 banks from nine countries.
This back-up facility is part of Banque PSA Finance policy to insure a permanent secured liquidity level of at least 6 month-activity. The success of this transaction confirms the strong support provided to Banque PSA Finance by its relationship banks.
PSA Peugeot Citroën - 75 av. de la Grande Armée - 75116 Paris
www.psa-peugeot-citroen.com
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