The new capital will be used to finance the public tender offer for the remaining shares and will eventually be refinanced with capital-market issued bonds. The actual loan is sub-divided into four main sections including two one-year bills and two three-year notes with a two-year term out option.
Porsche will be submitting details to German regulatory bodies within the next four weeks and has to await final approval from before the official offer can be made. If approved, it means Porsche will have control of mass-market brands like Skoda as well as premium niche players such as Bugatti and Bentley.