Continental takes steps to refinance loan due in April 2014

Newswire

BERLIN, Dec 21 (Reuters) - German auto parts and tyre maker Continental said on Friday it is taking steps to refinance a syndicated loan due in April 2014. The Hanover-based company aims to reduce the loan volume slightly to 4.5 billion euros ($5.96 billion), based on a three-year tranche of 1.5 billion euros and a five-year revolving credit facility of 3 billion euros, it said. ($1 = 0.7555 euros) (Reporting by Andreas Cremer)

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