Volkswagen Starts Syndicating 5 Billion-Euro Credit Line
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.
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