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Fiat Chrysler launches $1 billion term loan at Libor plus 200 bps
By Sara Rosenberg
New York, April 4 – Fiat Chrysler Automobiles NV (FCA US LLC) held a lender call on Tuesday to launch a roughly $1 billion term loan due 2018 that is talked at Libor plus 200 basis points with a 0% Libor floor and a par issue price, according to a market source.
J.P. Morgan Securities LLC is the lead bank on the deal.
Proceeds will be used to reprice/refinance an existing term loan.
FCA US is an Auburn Hills, Mich.-based automaker.
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