The company said the committed credit line is for general corporate purposes.

The facility has a five-year tenor with two extension options of one year each. It replaces a five-year facility of 4 billion euros due to mature in March 2026.

The reduced size "aligns with reduced funding needs following the demerger of Iveco Group," the company said.

Price: 11.63, Change: +0.05, Percent Change: +0.43

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