Senior Vice President Corporate Communication and Marketing
Tel. +49 9132 82-3135
Fax +49 9132 82-4994
2012-06-14 | 000-003-509 DE-EN
SCHAEFFLER AG, HERZOGENAURACH
Schaeffler AG has expanded its consortium of eight banks for the €8.0 billion refinancing package agreed upon in January 2012 to eleven banks. Barclays, Bayerische Landesbank, and Citibank have joined the banking group consisting of BNP Paribas, Commerzbank, Deutsche Bank, HSBC, JP Morgan, LBBW, Royal Bank of Scotland, and UniCredit.
Following the placement of €2.0 billion in bonds and approximately €1.4 billion in loans with institutional investors in February 2012, the addition of the new financial institutions marks the successful completion of the €8.0 billion refinancing arrangement.