BNP, Banco Santander, Deutsche Bank and JPMorgan provided a €12 billion ($12.96 billion)loan facility agreement to Daimler. This is in addition to the existing €11 billion ($11.88 billion) revolving credit facility with a term until 2025 including extension options. The additional loan facility can be utilized within a 12-month period with two extension options of six months.
Syndication has started on the loan. The further credit line creates an additional liquidity buffer for Daimler. At the end of 2019, Daimler had gross liquidity of approximately €24 billion ($25.92 billion) in its industrial business.
Daimler also issued a €1.5 billion ($1.62 billion) five-year benchmark bond.
Daimler is an automotive company that includes Mercedes-Benz, Daimler trucks and buses and Daimler Mobility divisions.