Rheinmetall Signs 500 Million Euro Revolving Credit to Refinance

Dec. 14 (Bloomberg) -- Rheinmetall AG, the maker of KS Kolbenschmidt engine pistons and a partner in Germany’s Puma battle tank, signed a 500 million-euro ($649 million) loan to refinance debt maturing next year.

The five-year single-currency revolving credit will refinance a 400 million-euro loan signed in 2005 that is due in April, according to an e-mailed statement from facility agent, Royal Bank of Scotland Group Plc.

The loan was arranged by RBS, Bayerische Landesbank and UniCredit SpA, with eight additional banks joining the lending group in syndication, according to the statement.

To contact the reporter on this story: Stephen Morris in London at smorris39@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net