Bloomberg News

Volkswagen Starts Syndicating 5 Billion-Euro Credit Line

June 27, 2011

June 27 (Bloomberg) -- Volkswagen AG started syndicating a 5 billion-euro credit line, according to lenders. The five-year facility, which can be extended twice for one year, will be used to refinance an existing loan arranged in 2005 with 7.8 billion euros currently outstanding, coordinators Citigroup Inc. and Commerzbank AG said in an e-mailed statement.

To contact the reporter on this story: Patricia Kuo in London at pkuo2@bloomberg.net

To contact the editor responsible for this story: Cecile Gutscher at cgutscher@bloomberg.net


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