Daimler refi pushes maturities out to 2015
German automotive firm Daimler, last week named as one of the European firms with the most debt due over the next three years, signed a Eu7bn deal to extend part of its maturities to 2015. The refinancing, which was agreed with over 30 of the firm’s relationship banks, replaces a $5bn line and a Eu3bn facility set to mature in 2011. To find out more, read EuroWeek this Friday.
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