STELLANTIS announces successful signing of €12 billion syndicated Revolving Credit Facility

Stellantis has successfully signed a new €12 billion syndicated Revolving Credit Facility (RCF) with 29 banks.

Rhea-AI Summary

Stellantis has successfully signed a new €12 billion syndicated Revolving Credit Facility (RCF) with 29 banks. This facility replaces previous RCFs from Groupe PSA and FCA Group, significantly increasing the company's liquidity and extending the duration of available credit. The RCF consists of two tranches of €6 billion each, with tenors of 3 and 5 years, offering further extension options. This transaction underscores strong support from Stellantis' banking relationships and enhances its corporate financial standing.

Positive

• Increases overall liquidity by signing €12 billion RCF.
• Extended credit facility duration enhances financial stability.
• Strong support from 29 banks indicates positive market confidence.

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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STELLANTIS announces successful signing of €12 billion syndicated Revolving Credit Facility

Amsterdam, July 23, 2021 - Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announces that it has signed a new syndicated revolving credit facility (“RCF”) of €12.0 billion, with a group of 29 relationship banks. 

This new RCF replaces the existing syndicated RCF’s from the Groupe PSA (€3.0 billion) and FCA Group (€6.25 billion), thereby providing an increase in the group’s overall liquidity and an extension of the duration of the facility.

This new RCF, available for use in general corporate purposes, is structured in two tranches: €6.0 billion, with a 3 year tenor, and €6.0 billion, with a 5 year tenor, each tranche benefiting from two further extension options, each of 1-year.

This successful transaction confirms the strong support to Stellantis from its international relationship banks. 

About Stellantis

Stellantis is one of the world’s leading automakers and a mobility provider, guided by a clear vision: to offer freedom of movement with distinctive, affordable and reliable mobility solutions.  In addition to the Group’s rich heritage and broad geographic presence, its greatest strengths lie in its sustainable performance, depth of experience and the wide-ranging talents of employees working around the globe. Stellantis will leverage its broad and iconic brand portfolio, which was founded by visionaries who infused the marques with passion and a competitive spirit that speaks to employees and customers alike. Stellantis aspires to become the greatest, not the biggest while creating added value for all stakeholders as well as the communities in which it operates.

@Stellantis

Stellantis

Stellantis

Stellantis

For more information, contact: Bertrand BLAISE + 33 6 33 72 61 86 - bertrand.blaise@stellantis.com Valérie GILLOT + 33 6 83 92 92 96 - Pierre-Olivier SALMON +33 6 76 86 45 48 – pierreolivier.salmon@stellantis.com

www.stellantis.com

Attachment

• 21_07_23_RCF_PR_ENG

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the significance of Stellantis signing the €12 billion RCF?

The €12 billion RCF enhances Stellantis' liquidity and extends credit duration, improving financial flexibility.

How many banks participated in Stellantis' new credit facility?

Stellantis signed the RCF with a group of 29 relationship banks.

What are the terms of the new €12 billion credit facility from Stellantis?

The facility consists of two tranches of €6 billion, with tenors of 3 and 5 years, and includes extension options.

Which previous credit facilities does the new RCF replace for Stellantis?

The new RCF replaces existing facilities of €3 billion from Groupe PSA and €6.25 billion from FCA Group.