Editorial

07 Dec 2015 Volkswagen AG - Syndicated Revolving Credit Facility Agreement

Volkswagen AG - Syndicated Revolving Credit Facility Agreement - Citibank Global Markets Limited and UniCredit Bank AG led a syndicated of 13 banks which provided an unsecured syndicated revolving credit facility for Volkswagen AG.  The volume of the loan is EUR20 billion and is reported to be for 1 year extendable by a further 6 months. Volkswagen AG is rated BBB+ (Negative Outlook) by Standard and Poors and A3 (Negative Outlook) by Moody's. (Clifford Chance advised Volkswagen AG, Milbank advised Citi/UniCredit/Banks).

Financial Centre : Frankfurt
Law Firm : Clifford Chance
Lawyer : Bettina Steinhauer

Practice Area : International Finance and Bank Credit
Classification : Syndicated and Bilateral Loans
Sub-classification : Syndicated Loans
Industry : Automobiles & Parts

Advised Party : Borrower
Value USD Equiv: 5000.01-10000.00M

Borrower : Germany
Lender : Germany

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Financial Centre : Munich
Law Firm : Milbank
Lawyer : Thomas Ingenhoven

Practice Area : International Finance and Bank Credit
Classification : Syndicated and Bilateral Loans
Sub-classification : Syndicated Loans
Industry : Automobiles & Parts

Advised Party : Lender
Value USD Equiv: 10000.01-50000.00M

Borrower : Germany
Lender : Germany