Today 09/27/2016 - 05:35:14 PM
Peugeot SA 13.205€
CAC 40 4,398.68 PTS
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.