Iveco Group signed a more than $390 million syndicated term facility with Banco Bilbao Vizcaya Argentaria, Banco Santander, Bank of America, Barclays, BNP Paribas, Commerzbank, Deutsche Bank, Intesa Sanpaolo, Mediobanca – Banca di Credito Finanziario, Mizuho Bank, Rabobank, Société Générale and Unicredit as bookrunners and mandated lead arrangers.
The facility has a 2-year plan extendable for up to an additional 12 months at the company’s choice.
The proceeds will be used to refinance the current term facility, ahead of the final maturity which would fall in Jan. 2024. The new facility confirms the firm support to Iveco Group from its key international relationship banks.
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