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06/12/2013 | Paris

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.

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