Sixt pulls away from state support with new €750m commercial bank loan

By Mike Turner
03 Mar 2021

Sixt, the German car rental company, has refinanced a coronavirus pandemic crisis era loan, swapping out domestic state support for a fully commercial bank line as vaccinations provide growth hopes.

The €750m-equivalent multi-currency facility has a three year maturity that can be extended, twice, for a year.

Commerzbank, DZ Bank and UniCredit were the lead arrangers, with Crédit Agricole, Deutsche Bank and SEB joining as lenders.

KfW was a lender on the €1.5bn May 2020 two year loan that ...

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