Kia Taps $305 Million Financing Spigot

  • April 2, 2009
Kia Motors America has tapped into $305 million in financing via a credit line from Wells Fargo Foothill, part of Wells Fargo & Company, Banc of America Securities LLC and JPMorgan Chase Bank, N.A. as co-lead arrangers, and Bank of America, N.A., as syndication agent.

"With credit being extremely tight these days, we are especially pleased these institutions recognize KMA's stronghold in the U.S. automotive market," said David Kim, CFO of Kia Motors America, in a release.--Karl Greenberg

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