Mercedes-Benz Group AG finalized an €11 billion renewal of its syndicated credit facility with a consortium of international banks. This facility, with a term of five years and two optional one-year extensions, ensures the company’s robust financial position through at least 2029. Despite the high-interest-rate environment, Mercedes-Benz secured favorable terms and strategically reduced the number of participating banks compared to the previous €11 billion facility. The diverse consortium of 32 banks from Europe, Asia, and America, coordinated by Bank of America, BNP Paribas, Deutsche Bank, and MUFG, underscores the global scope of Mercedes-Benz’s operations. This syndicated credit facility is designed to ensure financial flexibility.
Steffen Hoffmann, Head of Treasury and Investor Relations of Mercedes-Benz Group AG, said, “The strong interest in this syndicated credit facility and the attractive conditions illustrate that Mercedes-Benz enjoys a high reputation, as well as trust and confidence in the execution of our strategy from the banking world.”
