Deutsche Post opens $2.6b credit line
German postal and logistics group Deutsche Post DHL announced that it obtained for the first time in its history a 2 billion euro ($2.6 billion) revolving credit facility from a syndicate of banks.
The five-year loan arrangement replaces the company's previous practice of having credit lines with individual banks.
Deutsche Post said the move reduced the complexity of its financing for future needs and took advantage of the current low interest-rate environment.
Deutsche Post opens $2.6b credit line
