Global law firm White & Case LLP has advised the lenders on a new €3 billion syndicated credit facility signed by the French carmaker PSA Peugeot Citroën.
The new facility comprises a €2 billion tranche expiring in five years and a €1 billion tranche expiring in three years with two optional one-year extensions.
It is contingent on the completion of the share and rights issues announced by the company on February 19, 2014, which are part of the four major industrial and financial operations projects for PSA Peugeot Citroën’s expansion and growth.
The White & Case team in Paris was led by partner Raphaël Richard with support from associates Julien Chameyrat, Aïssatou Seck and Marie-Alix Charvin. Counsel Emmanuelle Pontnau-Faure advised on tax issues.
