Citi Leads £625MM Financing for Jaguar Land Rover Automotive with a First-Ever UK Export Finance Guarantee Issued Under its ...
December 10 2019 - 5:00AM
Business Wire
Citi, together with a syndicate of international banks,
completed a £625 million term loan facility with Jaguar Land Rover
Automotive plc in October this year. The facility is backed by a
£500 million guarantee from UK Export Finance under its new General
Export Facility programme (GEF).
The loan will amortize over 5 years and support Jaguar Land
Rover’s business as the largest automotive exporter in the UK,
including investment in the research and development of next
generation electric vehicles and future mobility solutions.
“We are pleased to have been able to support Jaguar Land Rover
in successfully concluding this first of its kind UKEF General
Export Facility,” said Alex Taylor, EMEA Head of Export and Agency
Finance, Treasury and Trade Solutions, Citi.
Citi acted as Coordinator and Facility Agent.
Mandated Lead Arrangers and Lenders were Barclays Bank plc,
Citi, HSBC Bank plc, J.P. Morgan, National Westminster Bank plc and
Standard Chartered Bank.
About Citi Treasury and Trade Solutions
Citi Treasury and Trade Solutions (TTS) can help to enable our
clients' success by providing an integrated suite of innovative and
tailored cash management and trade finance services to
multinational corporations, financial institutions and public
sector organizations across the globe. Based on the foundation of
the one of the industry's largest proprietary network with banking
licenses in over 90 countries and globally integrated technology
platforms, TTS continues to be a leader in offering one of the
industry's most comprehensive range of digitally enabled treasury,
trade and liquidity management solutions.
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About Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management. Additional information may be found at
www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi
| Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi
| LinkedIn: www.linkedin.com/company/citi
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Media Contact: Citi: Belinda Marks Tel: +44 (0) 7508 3082
Email: belinda.marks@citi.com
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