Today 09/26/2016 - 05:35:18 PM
Peugeot SA 13.225€
CAC 40 4,407.85 PTS
PSA Peugeot Citroën achieved last November 10, 2015, the renegotiation of financial conditions and maturity extension of its €3-billion syndicated credit facility, signed on 8 April 2014, with its banking partners:
• the €2-billion tranche is extended to 2020,
• the €1-billion tranche is extended to 2018 and the two optional one-year extensions are maintained.
Commenting on this publication, Jean Baptiste de Chatillon, PSA Peugeot Citroën's Chief Financial Officer, said: "This operation is a success and illustrates the confidence of our banking partners in the strategy of the Group. With this ‘Amend & Extend’ operation, the Group reflects the improvement of its operational situation in its financial charges and improves its funding maturities.”