Peugeot refinances credit facility

Peugeot has signed a €2.4bn (£2bn) three-year syndicated revolving credit facility with a group of 21 banks, refinancing the existing €2.4bn facility, which was due to mature in March 2011.

This revolving facility has an opening margin of 170 basis points, including 40 per cent of non-utilisation fee, and had been arranged by six Bookrunners − BNP Paribas, Crédit Agricole Corporate and Investment Bank, HSBC France, Natixis, The Royal Bank of Scotland, and Société Générale Corporate and Investment Banking − and six Mandated Lead Arrangers − Banco Santander Paris, Citi, Commerzbank, Crédit Mutuel CIC, Deutsche Bank and Unicredit.