PARIS (Reuters) – French car hire company Europcar <EUCAR.PA> said on Sunday it had secured a total of 307 million euros ($337.18 million) in new financing to manage through the coronavirus crisis.
The sum includes a 220 million euro loan guaranteed at 90% by the French state, 67 million euros of liquidity lines guaranteed at 70% by the Spanish state, and 20 million euros of revolving credit facility backed by French investment firm Eurazeo <EURA.PA>, the company said in a statement.
Eurazeo owns 29.8% of Europcar.
($1 = 0.9105 euros)
(Reporting by Gwenaelle Barzic,; Writing by Mathieu Rosemain,; Editing by Andrew Cawthorne)