Banque PSA Finance signs a new EUR 2,000,000,000 revolving credit facility

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14/12/2011 | Paris – 14 December 2011

Banque PSA Finance signs a new EUR 2,000,000,000 revolving credit facility

On 13th December, Banque PSA Finance signed a € 2,0 billion 3-year syndicated revolving credit facility (with the possibility of two 1-year extensions, at the banks' option). The new Facility refinances an existing € 2,0 billion facility which was due to mature in June 2012.

Syndication of this Facility was oversubscribed by 25 banks from ten countries, including six new banks

The Facility had been arranged by nine Bookrunners (Banco Bilbao Vizcaya Argentaria S.A., Barclays Corporate, BNP Paribas, Credit Agricole Corporate and Investment Bank, HSBC France, Lloyds TSB Bank, Natixis, The Royal Bank of Scotland plc and Société Générale Corporate & Investment Banking) and four Mandated Lead Arrangers (Banc of America Securities Limited, Banco Santander S.A., Citigroup Global Markets Limited and Commerzbank AG).

This revolving facility has an opening margin of 160 basis points and a 40% non-utilization fee.

With this new facility Banque PSA Finance has anticipated, at attractive conditions, the need to refinance in 2012 a significant credit line which is a key element of its financial security. The success of this transaction confirms the strong support provided to Banque PSA Finance by its relationship banks.


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