Daimler signs agreement for 12 billion Euro credit line
Petre Barac
Posted On April 3, 2020
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Daimler said on Thursday it has signed an agreement for a 12 billion euro credit line to increase its financial flexibility in the current coronavirus crisis.
The credit line comes in addition to an 11 billion euro revolving credit with a term until 2025, including extension options, Reuters reads.
The new loan facility can be utilized within a 12-month period with two extension options of six months, Daimler said, adding the line was agreed with BNP, Banco Santander, Deutsche Bank and JP Morgan on April 1.
