Brief: Ford Otosan Signs Loan Agreement Up To EUR 200 Mln With EBRD

Ford Otomotiv Sanayi AS

28/12/2022 15:30

Dec 28 (Reuters) - Ford Otomotiv Sanayi AS  FROTO.IS :
    * LOAN AGREEMENT UP TO € 200 MILLION IS SIGNED WITH EUROPEAN BANK FOR RECONSTRUCTION AND
DEVELOPMENT (EBRD)
    * EUR 54 MILLION OF THIS FACILITY WILL BE FUNDED BY EBRD
    * UP TO EUR 146 MILLION TO BE DELIVERED BY SYNDICATE OF LENDERS GREEN FOR GROWTH FUND
SOUTHEAST
EUROPE S.A. SICAV-SIF, HSBC BANK MIDDLE EAST LIMITED, MUFG BANK LTD,  SOCIÉTÉ GÉNÉRALE AND ILX
MANAGEMENT B.V
    * FUNDS ARE EXPECTED TO BE UTILIZED TILL JANUARY 31ST, 2023
    * UP TO EUR 77.5 MILLION OF THIS FACILITY HAS TERM OF AROUND FOUR YEARS WITH TWO YEARS GRACE
PERIOD AND INTEREST RATE OF EURIBOR + 4.50 % PER ANNUM
    * REMAINING EUR 122.5 MILLION  HAS  TERM OF AROUND SIX YEARS WITH TWO YEARS GRACE PERIOD AND
INTEREST RATE OF EURIBOR + 4.65 % PER ANNUM
    * PRINCIPAL AND INTEREST PAYMENTS WILL BE MADE SEMIANNUALLY

Source text for Eikon:  ID:nIKA299Mhh 
Further company coverage:  FROTO.IS 
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