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