Daimler Truck secures 5-billion-euro loan

Daimler Truck AG has signed a new credit line of EUR 5 billion. The company is taking advantage of the currently attractive conditions in the credit market and is replacing the existing credit line of the same amount that has been in place since the spin-off—the separation from Daimler AG and thus from the passenger car business in December 2021—before reaching maturity. In addition to increasing financial leeway and ensuring long-term liquidity, the aim is also to secure the credit rating. After the spin-off, Daimler Truck received investment-grade ratings from the rating agencies S&P Global Ratings and Moody’s (S&P Global Rating: BBB+, positive outlook; Moody’s: A3, stable outlook).

Term of Five Years with Extension Options

In addition to BNP Paribas, Deutsche Bank, and LBBW, which took on a coordinating role during the negotiations, another 26 national and international banks are involved. The term of the new credit line is five years—with the option to extend it twice by one additional year each time. The credit line also includes the option to increase the credit volume by a further €1.5 billion during its term, subject to the approval of the lending banks.

Restructuring of Strategic Banking Relationships

In addition to more attractive conditions, Daimler Truck also had the opportunity to restructure their strategic banking relationships around two years after the spin-off from the former Daimler AG. A drawdown of the credit line is not planned.