July 24, 2018 / 7:59 AM / 2 months ago

German car and truck maker Daimler secures 11 bln eur credit line -source

FRANKFURT, July 24 (Reuters) - German car and truck maker Daimler has secured an 11 billion euro ($12.86 billion) syndicated credit line with a term of five years, a source familiar with the matter said on Tuesday.

It replaces an existing 9 billion euro syndicated credit line ahead of schedule and carries more favourable terms, the source said.

Daimler declined to comment. ($1 = 0.8553 euros) (Reporting by Edward Taylor Editing by Christian Kraemer)

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