Turin, Oct. 28 (Korea Bizwire) – Today Iveco Group (MI: IVG) (the “Company”) has signed a euro 400 million syndicated term facility with Banco Bilbao Vizcaya Argentaria, Banco Santander, Bank of America, Barclays, BNP Paribas, Commerzbank, Deutsche Bank, Intesa Sanpaolo, Mediobanca – Banca di Credito Finanziario, Mizuho Bank, Rabobank, Société Générale and Unicredit as Bookrunners and Mandated Lead Arrangers.
The facility has a 2-year tenor extendable for up to an additional 12 months at the Company’s sole option.
The proceeds will be used to refinance the current term facility, ahead of the final maturity which would fall in January 2024.
This new facility confirms the firm support to Iveco Group from its key international relationship banks.
Iveco Group N.V. (MI: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly-specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; MAGIRUS, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs approximately 34,000 people around the world and has 28 manufacturing plants and 29 R&D centres. Further information is available on the Company’s website www.ivecogroup.com
Francesco Polsinelli, Tel: +39 335 1776091
Fabio Lepore, Tel: +39 335 7469007
Federico Donati, Tel: +39 011 0073539
Source: Iveco Group N.V. via GLOBE NEWSWIRE