Continental signs €4.5bn refi

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Continental signs €4.5bn refi

Germany automotive supplier Continental has signed a new €4.5bn syndicated loan, split into a three year €1.5bn term loan and a €3bn five year revolver. The BB-/BB rated auto parts maker mandated Citi to co-ordinate the new loan, which has now been signed with around 30 domestic and international banks.

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