ZF closes jumbo loan for Wabco buy

automotive engineering 230x150
By Mike Turner
11 Jul 2019

Germany’s ZF Friedrichshafen has signed a €7.3bn financing from banks to back the automotive technology company’s purchase of Swiss commercial vehicle tech company Wabco.

JP Morgan arranged the loan, according to a banker away from the US house. 

A ZF spokesperson confirmed the amount raised and that JP Morgan coordinated the deal. JP Morgan declined to comment.

The financing was made up of a bridge loan and €2.5bn of term loans, according to another ...

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