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Daimler has signed an agreement for a 12 billion euro ($13 billion) credit line to increase its financial flexibility in the current coronavirus crisis.
The credit line comes in addition to an 11 billion euro revolving credit with a term until 2025, including extension options.
According to the company, the new loan facility can be utilized within a 12-month period with two extension options of six months, adding the line was agreed with BNP, Banco Santander , Deutsche Bank and JP Morgan on April 1
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