PARIS--(BUSINESS WIRE)--Regulatory News:
PSA Peugeot Citroën (Paris:UG) achieved last November 10, 2015, the renegotiation of financial conditions and maturity extension of its €3-billion syndicated credit facility, signed on 8 April 2014, with its banking partners:
- the €2-billion tranche is extended to 2020,
- the €1-billion tranche is extended to 2018 and the two optional one-year extensions are maintained.
Commenting on this publication, Jean Baptiste de Chatillon, PSA Peugeot Citroën's Chief Financial Officer, said: "This operation is a success and illustrates the confidence of our banking partners in the strategy of the Group. With this ‘Amend & Extend’ operation, the Group reflects the improvement of its operational situation in its financial charges and improves its funding maturities.”
About PSA Peugeot Citroën
With its three world-renowned brands, Peugeot, Citroën and DS, PSA Peugeot Citroën sold 3 million vehicles worldwide in 2014. The second largest carmaker in Europe, PSA Peugeot Citroën recorded sales and revenue of €54 billion in 2014. The Group confirms its position of European leader in terms of CO2 emissions, with an average of 110.3 grams of CO2/km in 2014. PSA Peugeot Citroën operates in 160 countries. It is also involved in financing activities (Banque PSA Finance) and automotive equipment (Faurecia).
For more information, please visit psa-peugeot-citroen.com.
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