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Consumer Cyclicals
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Large Cap
Market Cap £2.67bn
Enterprise Value £3.35bn
Revenue £14.13bn
Position in Universe 299th / 3862

Renault finalises 5 billion euros credit facility with French state

Wed 3rd June, 2020 7:30am
PARIS, June 3 (Reuters) - Carmaker Renault  RENA.PA 
finalised on Wednesday a 5 billion euros ($5.60 billion) credit
facility with the French government, strengthening Renault's
finances in the wake of the coronavirus pandemic which has
ravaged the autos industry.
    Renault said that the new credit facility carried a
guarantee from the French state - which owns a 15% stake in
Renault - of up to 90% of the total amount borrowed.
    Banks BNP Paribas  BNPP.PA , Credit Agricole  CAGR.PA , HSBC
France  HSBA.L , Natixis  CNAT.PA  and SocGen  SOGN.PA  were
involved in the new Renault credit deal.
    ($1 = 0.8925 euros)

 (Reporting by Sudip Kar-Gupta
Editing by Keith Weir)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))
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