Daimler Discussing New $11 Billion Credit Line
By Reuters
March 26, 2020
•1 min read
Image: Mercedes-Benz EQC 400 4MATIC. Source: Daimler
By Edward Taylor and Tom Sims
FRANKFURT (Reuters) – Daimler is in talks with lenders for a credit facility of at least 10 billion euros ($11.03 billion) to help the car company cope with the coronavirus outbreak, Bloomberg reported on Thursday.
Bloomberg, citing unnamed people familiar with the matter, reported that an announcement on the final amount could come as early as next week.
Daimler, which like other carmakers has suspended swathes of production to prevent the virus’ spread, declined to comment.
Editing by Jane Merriman.
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Source: Reuters
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