Jaguar Land Rover Seeks £2 Billion Lifeline to Tide Over Cyberattack
Tata Motors Ltd.-owned Jaguar Land Rover is raising £2 billion ($2.7 billion) loan from global banks as the luxury carmaker seeks to ease the financial strain of a cyberattack that forced it to halt production, according to people familiar with the matter.The foreign currency facility will be priced at about 110 basis points over the secured overnight funding rate, or SOFR, the people said asking not to be identified because the discussions are private. Citigroup Inc., Mitsubishi UFJ Financial Group and Sta ...