(AFX UK Focus) 2009-04-02 10:45 S.Korea Kia's U.S. sales unit raises $305 mln loan (Interactive Investor)

Story date: 2009-04-02 05:09:06
Added on: 2009-04-02 05:03:35

GOYANG, South Korea, April 2 (Reuters) - Kia Motors Corp's U.S. sales unit has raised $305 million in an asset-backed loan from six U.S. banks to refinance maturing debt, officials at South Korea's No.2 automaker said on Thursday. Kia raised the three-year loan from Wells Fargo, Bank of America, JPMorgan Chase and three smaller banks in the United States at lower than 450 basis points over ...


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