French multinational auto-maker Groupe PSA announced on Monday it has signed a new syndicated loan of €3 billion in addition to the previous €3 billion in an effort to boost its financial security.
In a press release today, the Peugeot owner's chief financial officer Philippe de Rovira confirmed that the syndicated loan has an initial maturity of 12 months with two optional 3-month extensions.
"This operation reinforces our ability to face up this exceptional situation and prepare the future. It also proves the confidence of our partner banks in the financial strength and recognized resilience of Groupe PSA," de Rovira stated.
