Porsche pushes to agree 8.5 bln euro loan-bankers

LONDON, Nov 6 (Reuters) - German carmaker Porsche SE (PSHG_p.DE) is pushing to agree an 8.5 billion euro ($12.62 billion) loan by Nov. 10, two bankers close to the deal said on Friday.

The loan has been reduced to 8.5 billion euros from an earlier figure of 10.5 billion euros using proceeds from the planned sale of 49.9 percent of its sportscar making unit Porsche AG to Volkswagen (VOWG.DE), the two bankers said. [nLD542863]

Porsche has given its bankers a tight deadline to respond by Nov.10 and is aiming to sign the loan agreement by Nov.16, one of the bankers said.

Nobody at Porsche could immediately be reached for comment.

(Reporting by Zaida Espana & Tessa Walsh)

((zaida.espana@reuters.com; +44-20-7542-7996; Reuters Messaging zaida.espana@reuters.com@reuters.net))

($1=.6734 Euro) Keywords: PORSCHE LOAN/

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