FRANKFURT, April 2 (Reuters) – Daimler said on Thursday it has signed an agreement for a 12 billion euro ($13 billion) credit line to increase its financial flexibility in the current coronavirus crisis.
The credit line comes in addition to an 11 billion euro revolving credit with a term until 2025, including extension options.
The new loan facility can be utilized within a 12-month period with two extension options of six months, Daimler said, adding the line was agreed with BNP, Banco Santander , Deutsche Bank and JP Morgan on April 1. Syndication has started. ($1 = 0.9209 euros) (Reporting by Christoph Steitz; Editing by Susan Fenton)
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