Press Release
Date of issue   Sep 27, 2013 | ID: 132922

Volvo Car Group signs financial agreement with BNP Paribas

 

Volvo Car Group (Volvo Cars) has extended its core relationship bank group with BNP Paribas, who join the credit facility provided by a European bank group at a ticket of EUR 60 million.

 

The unsecured revolving credit facility now totals EUR 360 million with maturity in 2016. In addition to BNP Paribas, the bank group consists of Nordea, ING Belgium, DNB, Swedbank and Santander Bank.

 

“We are very pleased to add BNP Paribas as a financing partner and believe their contribution will serve to strengthen our core relationship bank group. With six highly reputable banks currently in this facility, as well as the lending commitments from China Development Bank and Swedish Export Credit Corporation, we have achieved significant progress in our funding plans,” says Patrik Tolf, Deputy CFO & Group Treasurer at Volvo Cars.

Media Contacts

 

Stefan Elfström

Manager Media Relations

Volvo Car Group

 

Phone: +46 31 596525

Mobile: +46 31 596525

stefan.elfstrom@volvocars.com

 

   
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Volvo Car Group

PVH50, 50200

SE-405 31 Göteborg

Sweden

Phone: +46 31 59 65 25

Fax: +46 31 54 40 64

https://www.media.volvocars.com/

 

Registered Office
Göteborg, Sweden
Registration No.
556074-3089

Descriptions and facts in this press material relate to Volvo Car Group's international car range. Described features might be optional. Vehicle specifications may vary from one country to another and may be altered without prior notification.