Jaguar Land Rover plc (JLR plc) is pleased to announce the successful syndication of a £600 million unsecured committed 3 and 5 year Revolving Credit Facility ("RCF"). The facility includes an accordion option to allow the facility to be upsized until 31 January 2012. The facility is intended to provide back up liquidity and support general corporate purposes.
Standard Chartered Bank acted as the sole Bookrunner and Mandated Lead Arranger. The other banks joining the deal were Bank of America Merrill Lynch and Syndicate Bank London Branch as Mandated Lead Arrangers, and Australia and New Zealand Banking Group Limited, Citi, Credit Suisse, Deutsche Bank AG, HDFC Bank Limited Bahrain Branch, J.P. Morgan, Lloyds TSB Bank plc, and Morgan Stanley Bank N.A as Lead Arrangers.
Kenneth Gregor, Chief Financial Officer of Jaguar Land Rover said "We are pleased to have successfully completed this transaction and appreciate the support of the banks who have chosen to participate in the facility. This is another important milestone in the strengthening of the JLR financing structure, extending the maturity profile and providing flexibility in funding capacity"
Ends.
About Jaguar Land Rover
JLR plc is the parent company of Jaguar Cars Limited and Land Rover (Jaguar Land Rover) and is an indirect, wholly‑owned subsidiary of Tata Motors Limited (India). Jaguar Land Rover designs, develops, manufactures and sells Jaguar premium sports saloons and sports cars and Land Rover premium all‑terrain vehicles (and related parts and accessories) through a global sales and distribution network.
About Tata Motors Limited
Tata Motors Limited is India's largest automobile company, with consolidated revenues of approximately $20 billion in 2009‑10. Through subsidiaries and associate companies, Tata Motors Limited has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 5.9 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer (in above eight tonne category) and the third largest bus manufacturer (in above eight tonne category) in each case as measured by volumes of vehicles sold. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America.
Jaguar Land Rover Plc Registered Office: Banbury Road, Gaydon, Warwick, Warwickshire CV35 0RG
ISSUED BY JAGUAR LAND ROVER COMMUNICATIONS & PUBLIC AFFAIRS
For more information, please contact the Jaguar Land Rover Corporate PR Team:
Nicola Rzeznik, Jaguar Land Rover Senior Corporate Communications Officer
E: nrzeznik@jaguarlandrover.com T: 02476 206950 M: 07736 912266
Laura Brannan, Jaguar Land Rover Corporate Communications Officer
E: lbrannan@jaguarlandrover.com T: 02476 203633 M: 07557 540611