Brief: Karsan Signs An Agreement With IFC For A 6-year Loan Of EUR 35 Mln With A Grace Period Of 1 Year

Karsan Otomotiv Sanayii ve Ticaret

25/12/2023 07:00

Dec 25 (Reuters) - KARSAN OTOMOTİV SANAYİİ VE TİCARET
 KARSN.IS :
    * SIGNS AN AGREEMENT WITH INTERNATIONAL FINANCE CORPORATION
(IFC),
FOR A 6-YEAR LOAN OF EUR 35 MILLION WITH A GRACE PERIOD OF 1
YEAR
    * SAYS LOAN WILL BE USED TO ACQUIRE AND INCORPORATE HIGH
VALUE-ADDED TECHNOLOGIES TO ITS MANUFACTURING PROCESS AND
PRODUCT RANGE, TO MEET WORKING CAPITAL NEEDS FOR GROWTH AND TO
COVER SHORT-TERM BORROWINGS


        
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKAbNY90c
 Further company coverage:  KARSN.IS  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))