- Maturity: 18 months (12 months + 6 months option at Faurecia’s initiative)
- Senior unsecured loan, unguaranteed, pari passu with the rest of the Group’s long-term debt
- Drawn on Friday, April 17, 2020
This €800 million liquidity is in addition to the €600 million not drawn from the €1.2 billion syndicated credit line (maturity: June 2024) of which half was recently drawn, in anticipation of the expected decline in factoring of receivables.
With €1.4 billion of available liquidity, in addition to its current cash position, Faurecia estimates to be able to cope with any scenario related to the Covid-19 crisis.