VW Credit, Inc. Closes US $9 Billion Credit Facility With Consortium of Banks

(Herndon, VA) – VW Credit, Inc. (“VCI”) announced today that it has closed a new $9 billion credit facility (“Facility”). The new Facility is an asset backed loan that VCI has established to support the growth of the U.S. portfolio. It will be secured by both lease and loan assets and will be used for general corporate purposes.

The Facility attracted a strong level of interest during syndication which underscores the strong support that VCI enjoys from its relationship bank group.

J.P. Morgan Securities LLC acted as sole structuring agent and lead arranger for this transaction together with a syndicate of 11 lenders.

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