It’s a shambles: Porsche completes loan refi with only hours left

Porsche agreed a refinancing deal with its lenders last night only hours before its Eu10bn loan was due to mature, a process that has left many banks irate. EuroWeek understands existing lenders that did not commit to the refinancing have still not been repaid. “We’ve been told we’ll be paid today. They’re a day late,” said one loans banker. “It’s been a complete shambles."