Schaeffler expands banking consortium
(PresseBox) - Schaeffler AG has expanded its consortium of eight banks for the ?8.0 billion refinancing package agreed upon in January 2012 to eleven banks. Barclays, Bayerische Landesbank, and Citibank have joined the banking group consisting of BNP Paribas, Commerzbank, Deutsche Bank, HSBC, JP Morgan, LBBW, Royal Bank of Scotland, and UniCredit.
Following the placement of ?2.0 billion in bonds and approximately ?1.4 billion in loans with institutional investors in February 2012, the addition of the new financial institutions marks the successful completion of the ?8.0 billion refinancing arrangement.
Schaeffler with its product brands INA, LuK and FAG is a leading provider of rolling bearing and plain bearing solutions and of linear and direct drive technology, as well as a renowned supplier to the automotive industry of high-precision products and systems for engines, transmissions, and chassis applications. The globally active group of companies generated sales of approximately 10.7 billion euros in 2011. With approximately 74,000 employees worldwide, Schaeffler is one of the largest German and European industrial companies in family ownership. With 180 locations in over 50 countries, Schaeffler has a worldwide network of manufacturing locations, research and development facilities, sales companies, engineering offices, and training centers.
Schaeffler with its product brands INA, LuK and FAG is a leading provider of rolling bearing and plain bearing solutions and of linear and direct drive technology, as well as a renowned supplier to the automotive industry of high-precision products and systems for engines, transmissions, and chassis applications. The globally active group of companies generated sales of approximately 10.7 billion euros in 2011. With approximately 74,000 employees worldwide, Schaeffler is one of the largest German and European industrial companies in family ownership. With 180 locations in over 50 countries, Schaeffler has a worldwide network of manufacturing locations, research and development facilities, sales companies, engineering offices, and training centers.
Datum: 14.06.2012 - 09:24 Uhr
Sprache: Deutsch
News-ID 156382
Anzahl Zeichen: 1419
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Herzogenaurach
Kategorie:
Financial Services & Insurance
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"Schaeffler expands banking consortium"
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