latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/fiat-chrysler-secures-additional-3-5b-credit-facility-57773079 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Fiat Chrysler secures additional €3.5B credit facility

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Fiat Chrysler secures additional €3.5B credit facility

Fiat Chrysler Automobiles NV said March 26 that it has secured an incremental credit facility worth €3.5 billion with two banks, in addition to the company's existing €7.7 billion loan.

Under the deal, the Italian-American carmaker said it will be able to draw the entire €3.5 billion in a single tranche, with an initial 12-month term. Fiat Chrysler has the option to extend the term for an additional six months on the first anniversary of the signing.

The facility will be used for general corporate purposes and for the group's working capital needs.

The company also said it has already begun to draw down from its bilateral credit line worth €1.5 billion.

Fiat Chrysler is the latest company to secure a new credit facility as global firms work to shore up their finances in the middle of the coronavirus outbreak.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.