Cookie Consent by Free Privacy Policy website Bondholders General Assemblies approve the PSA-FCA merger through the successful consent solicitation
november 16, 2020 - PSA

Bondholders General Assemblies approve the PSA-FCA merger through the successful consent solicitation

On 28 October 2020, Peugeot S.A. (“Groupe PSA”) launched a consent solicitation seeking the consent of the holders on its bonds issued under Peugeot S.A’s EMTN Programme. The purpose was to obtain the approval, with the required majority for each series of bonds, of the merger of Peugeot S.A with #fca NV in order to become #Stellantis.

Peugeot S.A announces today that the Consent Solicitation has been successful and has received the required consents under each series of bonds with a very large majority.

Peugeot S.A has also obtained from its banks the authorizations to engage the merger for both existing back up Revolving Credit Facilities of €3bn each.

The success of this consent solicitation is a strong sign of confidence of Peugeot S.A’s  bondholders and bank partners in the Group's strategy towards the creation of #Stellantis.

The completion of the merger is expected to take place by the end of the first quarter of 2021, subject to customary closing conditions, including approval by both companies’ shareholders at their respective Extraordinary General Meetings and the satisfaction of antitrust and other regulatory requirements

Related news

march 27, 2024
march 25, 2024
march 21, 2024

AMSTERDAM, March 27, 2024 - Stellantis announces the appointment of Alexandre Sorel as the Chief Executive Officer of Stellantis F...

Having completed several thousand kilometres of tests, Team Peugeot TotalEnergies is delighted to unveil the 2024 PEUGEOT 9X8, whi...

The international media drive of the new line up of Stellantis Pro One vans - from the Citroën, FIAT Professional, Opel, PEUGEOT, ...

You might be interested in

march 15, 2024
march 08, 2024
march 08, 2024

Students from three leading universities from three continents will guide debate topics by presenting research on three focus area...

Ranked 33rd on the 2023 FTSE Diversity and Inclusion Index, an improvement of 55 spots year-over-year30% of leadership positions a...

Stellantis confirms the positive start in January in the European (EU29) total market sales rankings, growing in February both in ...