Bankers attack Porsche for Eu10bn refi

March 25, 2009 12:00 am

Porsche has come under heavy criticism from loans bankers for its eleventh-hour handling of its Eu10bn refinancing, which it finally secured last night just as its previous loan fell due. Now it is going back out to lenders to raise an additional Eu2.5bn of new money, and it is also seeking a rating. Read EuroWeek on Friday for the market’s reaction to Porsche’s handling of the deal, and its chances of getting the loan to Eu12.5bn.

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