Fiat hits the road with syndication of Eu1.6bn revolver
Fiat has launched the general syndication of a Eu1.6bn revolving credit facility, part of a Eu4bn loan backing the demerger of Fiat Industrial, the Italian firm’s truck and heavy goods business.
A bank meeting for the syndication of the revolver will be held later this week.
“This facility is backing the demerger and so is a new money deal,” said a banker close to the facility. “As such, it is relationship establishing and cementing.”
The Eu4bn loan also includes a
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