Fiat grows revolver to Eu2bn in increased demerger loan
Fiat has increased the size of the revolving credit facility backing the demerger of its industrial vehicles subsidiary to Eu2bn, after the deal was heavily oversubscribed during syndication. The revolver, which was launched at Eu1.6bn, was signed by 23 banks at the end of December.
The deal was oversubscribed and so there was a bit of a tweak to the structure, said a banker close to the deal. We wanted to facilitate all of the banks that wanted to participate.
The strength of demand for the new money facility did not surprise bankers across
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