Stellantis Announces Successful Amendment and Maturity Extension of €12 Billion Syndicated Revolving Credit Facility
18 July 2024 - 4:01AM
Stellantis Announces Successful
Amendment and Maturity Extension of €12 Billion Syndicated
Revolving Credit Facility
AMSTERDAM, July 17, 2024 - Stellantis N.V.
announced today that it has successfully extended the maturity and
amended its syndicated revolving credit facility (“RCF”) of €12.0
billion, originally signed in July 2021.
The syndicated credit facility includes a
broad-based group of 29 banks from Europe, America and Asia. The
RCF is structured in two tranches: €6.0 billion, with a three-year
tenor (July 2027), and €6.0 billion, with a five-year tenor (July
2029), each tranche benefiting from two further extension options,
each of one year exercisable on the first and second anniversary of
the amendment signing date.
The RCF, as amended with improved terms, secures
financial flexibility, and remains available for general corporate
purposes of the Group.
This successful transaction confirms the strong
support to Stellantis from its international relationship
banks.
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About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan:
STLAM / Euronext Paris: STLAP) is one of the world’s leading
automakers aiming to provide clean, safe and affordable freedom of
mobility to all. It’s best known for its unique portfolio of iconic
and innovative brands including Abarth, Alfa Romeo, Chrysler,
Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati,
Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is
executing its Dare Forward 2030, a bold strategic plan that paves
the way to achieve the ambitious target of becoming a carbon net
zero mobility tech company by 2038, with single-digit percentage
compensation of the remaining emissions, while creating added value
for all stakeholders. For more information, visit
www.stellantis.com.
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@Stellantis |
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Stellantis |
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Stellantis |
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Stellantis |
For more information,
contact:communications@stellantis.comwww.stellantis.com |
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FORWARD-LOOKING STATEMENTS
This communication contains forward-looking
statements. In particular, statements regarding future events and
anticipated results of operations, business strategies, the
anticipated benefits of the proposed transaction, future financial
and operating results, the anticipated closing date for the
proposed transaction and other anticipated aspects of our
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These statements may include terms such as “may”, “will”, “expect”,
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future events and are by their nature, subject to inherent risks
and uncertainties. They relate to events and depend on
circumstances that may or may not occur or exist in the future and,
as such, undue reliance should not be placed on them.
Actual results may differ materially from those
expressed in forward-looking statements as a result of a variety of
factors, including: the ability of Stellantis to launch new
products successfully and to maintain vehicle shipment volumes;
changes in the global financial markets, general economic
environment and changes in demand for automotive products, which is
subject to cyclicality; Stellantis’ ability to successfully manage
the industry-wide transition from internal combustion engines to
full electrification; Stellantis’ ability to offer innovative,
attractive products and to develop, manufacture and sell vehicles
with advanced features including enhanced electrification,
connectivity and autonomous-driving characteristics; Stellantis’
ability to produce or procure electric batteries with competitive
performance, cost and at required volumes; Stellantis’ ability to
successfully launch new businesses and integrate acquisitions; a
significant malfunction, disruption or security breach compromising
information technology systems or the electronic control systems
contained in Stellantis’ vehicles; exchange rate fluctuations,
interest rate changes, credit risk and other market risks;
increases in costs, disruptions of supply or shortages of raw
materials, parts, components and systems used in Stellantis’
vehicles; changes in local economic and political conditions;
changes in trade policy, the imposition of global and regional
tariffs or tariffs targeted to the automotive industry, the
enactment of tax reforms or other changes in tax laws and
regulations; the level of governmental economic incentives
available to support the adoption of battery electric vehicles; the
impact of increasingly stringent regulations regarding fuel
efficiency requirements and reduced greenhouse gas and tailpipe
emissions; various types of claims, lawsuits, governmental
investigations and other contingencies, including product liability
and warranty claims and environmental claims, investigations and
lawsuits; material operating expenditures in relation to compliance
with environmental, health and safety regulations; the level of
competition in the automotive industry, which may increase due to
consolidation and new entrants; Stellantis’ ability to attract and
retain experienced management and employees; exposure to shortfalls
in the funding of Stellantis’ defined benefit pension plans;
Stellantis’ ability to provide or arrange for access to adequate
financing for dealers and retail customers and associated risks
related to the operations of financial services companies;
Stellantis’ ability to access funding to execute its business plan;
Stellantis’ ability to realize anticipated benefits from joint
venture arrangements; disruptions arising from political, social
and economic instability; risks associated with Stellantis’
relationships with employees, dealers and suppliers; Stellantis’
ability to maintain effective internal controls over financial
reporting; developments in labor and industrial relations and
developments in applicable labor laws; earthquakes or other
disasters; risks and other items described in Stellantis’ Annual
Report on Form 20-F for the year ended December 31, 2023 and
Current Reports on Form 6-K and amendments thereto filed with the
SEC; and other risks and uncertainties.
Any forward-looking statements contained in this
communication speak only as of the date of this document and
Stellantis disclaims any obligation to update or revise publicly
forward-looking statements. Further information concerning
Stellantis and its businesses, including factors that could
materially affect Stellantis’ financial results, is included in
Stellantis’ reports and filings with the U.S. Securities and
Exchange Commission and AFM.
- EN-20240717-Stellantis-RCF-Extention