Capital/Financing Update • Nov 27, 2008
Capital/Financing Update
Open in ViewerOpens in native device viewer
Nanterre, November 27, 2008
In difficult market conditions, Faurecia today signed a new financing facility for a total of 1.42 billion euros.
This facility is made up of a syndicated bank loan for 1.17 billion euros and a 250 million euro loan from Faurecia's majority shareholder PSA Peugeot Citroën.
This financing is spread between two tranches of equal amount, one maturing in November 2011 and the other maturing in November 2013.
This financing facility provides an early replacement for the syndicated loan negotiated in October 2004 with a contractual maturity set for November 2009.
Faurecia is a world-leading automotive supplier specializing in four major activities: seats, vehicle interiors, front ends and exhaust systems. In 2007 the Group posted sales of 12.7 billion euros. It operates in 28 countries and employs 60,000 people at 190 sites and 28 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange. For more information visit www.faurecia.com
Contacts: Press
Olivier Le Friec Press Relations Manager Tel. +33 (0)1 72 36 72 58 Mob. +33 (0)6 76 87 30 17 [email protected]
Hélène Ducournau-Josselin Press Relations Tel. +33 (0)1 72 36 70 55 Mob. +33 (0)6 98 05 35 33 [email protected] Analysts/Investors Bruno de Chiffreville Investor Relations Tel. +33 (0)1 72 36 75 70 Mob. +33 (0)6 67 70 78 18 [email protected]
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.