Porsche completes refi

November 11, 2009 12:00 am

Porsche on Wednesday completed an Eu8.5bn refinancing with all its existing lenders reducing their commitments by 20% as the carmaker restructures its debt as part of its integration into the Volkswagen group. Coordinators Citi, Deutsche Bank and UBS had requested banks to express their interest before Porsche and VW held supervisory board meetings today and tomorrow. To find out more about the amended refinancing, read EuroWeek on Friday.

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