Ford obtains commitments to extend most of $5.35 billion of loans

Ford obtains commitments to extend most of $5.35 billion of loans

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Ford Motor Co has obtained commitments from enough relationship banks to extend the maturity of at least 90% of $ 5.35 billion (4.2 billion pounds) of revolving loans for one year, a source close to the financing said. The second-largest US automaker was in discussions with its bank lenders since early July about a one-year extension of its $ 3.35 billion three-year main corporate revolving credit facility and its $ 2 billion three-year supplemental revolving credit facility. JP Morgan leads the

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Ford obtains commitments to extend most of $ 5.35 billion of loans originally appeared on Autoblog on Sat, 25 Jul 2020 13:00:00 EDT. Please see our terms for use of feeds.

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