Iveco Group Signs More Than $390MM Syndicated Term Facility

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.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.