Germany: Porsche to refinance €3.5bn of debt

Porsche SE has confirmed it is raising €3.5bn (US$4.77bn) of loans to refinance its 2009 facilities at better rates. The loans will have an initial maturity of two years, with one-year extension options, and the transactions are expected to be completed by the end of October. According to reports, Deutsche Bank Subscribe to Automotive World … Continued

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• October 11, 2011