VW partner AMAG Leasing extends Swiss credit lines

October 8, 2015 8:22 AM

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ZURICH Oct 8 Swiss auto distributor and Volkswagen importer AMAG said its leasing arm had extended for five years a 2.5 billion Swiss franc ($2.6 billion) syndicated loan facility with 26 Swiss banks.

The group led by Credit Suisse has provided the facility since 2008 that AMAG Leasing uses to finance operations. Its portfolio includes more than 127,000 contracts, including nearly 25,000 done in the first half of this year.

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