FCA changes U.S. credit line accords

Scraps liquidity ties, frees capital flows among units

(ANSA) - Turin, March 15 - Fiat Chrysler Automobiles (FCA) on Tuesday changed its accords on credit lines in the US falling due in 2017 and 2018. Contractual limits on the concession of guarantees and the payment of dividends by FCA US to the rest of the FCA Group have been lifted. This is the final step to enable the free flow of capital among the group companies, making available the second 2.5 billion euro tranche of FCA's 5-billion syndicated revolving credit line. FCA US has also made a voluntary anticipated reimbursement of $2 billion.
   

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