Fiat Chrysler (FIA.MI) said on Monday that its Chrysler Group unit closed a deal to raise debt worth $5 billion to repay early an existing bond issued to healthcare trust VEBA.
Fiat reiterated that the refinancing would reduce debt-servicing costs by about $134 million between 2014 and 2016.
U.S. unit Chrysler, now merged into the new FCA Group, raised $1.375 billion and $1.38 billion dollars through two senior secured bonds maturing in 2019 and 2021 respectively, tapping two previous bond issues, the group said.
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Chrysler also increased an existing 2017 senior loan facility by $250 million and signed a new $1.75 billion senior loan that matures in 2018.
REUTERS
