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Schaeffler expands banking consortium

2012-06-14 | HERZOGENAURACH

Schaeffler AG has expanded its consortium of eight banks for the €8.0 billion refinancing package agreed upon in January 2012 to eleven banks. Barclays, Bayerische Landesbank, and Citibank have joined the banking group consisting of BNP Paribas, Commerzbank, Deutsche Bank, HSBC, JP Morgan, LBBW, Royal Bank of Scotland, and UniCredit.

Following the placement of €2.0 billion in bonds and approximately €1.4 billion in loans with institutional investors in February 2012, the addition of the new financial institutions marks the successful completion of the €8.0 billion refinancing arrangement.

Publisher: Schaeffler AG
Country: Germany

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