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Stellantis New Credit Line €12B Tops PSA and FCA Combined
Stellantis (NYSE / MTA / Euronext Paris: STLA) has signed a new syndicated revolving credit facility (“RCF”) of €12.0 billion, with a group of 29 relationship banks. This new RCF replaces the existing syndicated RCF’s from the Groupe PSA (€3.0 billion) and FCA Group (€6.25 billion). This provides an increase in the group’s overall liquidity and an extension of the duration of the facility.
This new RCF, available for use in general corporate purposes, is structured in two tranches: €6.0 billion, with a 3-year tenor, and €6.0 billion, with a 5-year tenor, each tranche benefiting from two further extension options, each of 1-year.