Fleet News

LeasePlan secures £1.1 billion of credit

LeasePlan has secured a new three-year €1.5 billion (£1.18 billion) credit facility from Volkswagen AG through its subsidiary Volkswagen International Payment Services, which is available for draw down immediately.

The details of this arm’s length facility have been agreed by LeasePlan in close consultation with its three shareholders, Volkswagen Group (50%), Mubadala Development Company (25%) and Olayan Group (25%).

As soon as markets return to normal, LeasePlan will revert to its usual debt capital and money markets financing.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee