Ferrari announced yesterday that it has entered into a €2.5bn syndicated loan facility with a group of ten bookrunner banks.
The facility comprises a bridge loan and a term loan of €2bn (£1.4bn, $2.12bn) in aggregate and a revolving credit facility (RCF) of €500 million (£350m, $528m). Proceeds of the Bridge Loan and Term Loan will be used to refinance indebtedness owing to Fiat Chrysler Automobiles (FCA) and other indebtedness and for other general corporate purposes. Proceeds of…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
