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Daimler Discussing New $11 Billion Credit Line

Bloomberg reported that an announcement on the final amount could come as early as next week.

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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