Groupe Renault announces the finalization of a credit facility agreement with a banking pool, for a maximum total amount of 5 billion Euro benefiting from a guarantee of the French State.
This credit facility, which may be drawn in whole or in part, will help finance the group’s liquidity requirements within the context of the COVID-19 crisis.
The main terms and conditions of this credit facility are as follows :
- A maximum total amount of 5 billion Euro, which may be drawn in whole or in part and in one or several times, until December 31st, 2020;
- An initial 12-month maturity, with an option for Renault to extend the maturity for an additional three-year period;
- a guarantee from the French State up to 90% of the total amount borrowed;
- a banking pool made up of five banks: BNP Paribas, Crédit Agricole, HSBC France, Natixis and Société Générale.
