Schaeffler has said that it has reached a major mid-term financing deal with its creditors.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The firm – which extended itself to take control of Continental – said that the EUR12bn agreement with the five banks in Schaeffler’s lending consortium gives the group a much-needed lifeline.


“With this agreement on a financing concept, we have reached a key milestone on the way to developing the Schaeffler Group in the coming years,” chief financial officer Klaus Rosenfeld said in a statement.


“At the same time, we are fulfilling a further important requirement with this concept for a possible merger of the Schaeffler Group with Continental AG.”


The financing will come in two tranches – one covering a period of up to four and a half years, the other of up to six years.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact