Brief: Tofas Says It Signs Loan Agreement For Financing of K0 Model Commercial Vehicle Investment

Tofas Turk Otomobil Fabrikasi

20/12/2024 05:30

Dec 20 (Reuters) - TOFAŞ TÜRK OTOMOBİL FABRİKASI
 TOASO.IS :
    * SAID ON THURSDAY SIGNS SUSTAINABILITY-LINKED LOAN
AGREEMENT
WORTH 295.2 MILLION EUROS WITH BNP PARIBAS FORTIS SA/NV AND ING
BANK, A BRANCH OF ING-DIBA AG (SACE LENDERS) FOR AN EXPORT
CREDIT AGENCY LOAN IN CONNECTION WITH K0 COMMERCIAL VEHICLE
CONTRACT
    * THIS LOAN WILL SUPPORT FINANCING OF PREVIOUSLY ANNOUNCED
AND
ADDITIONALLY PLANNED INVESTMENTS, RAISING TOTAL PROJECTED
INVESTMENT TO 276 MILLION EUROS
    * LOAN IS EXPECTED TO BE UTILIZED BY DECEMBER 31, 2024, AND
WILL
MATURE IN DECEMBER 2032
    * ANNUAL TOTAL COST OF LOAN WILL RANGE BETWEEN 6-MONTH
EURIBOR +
2.27%–2.37%, DEPENDING ON ACHIEVEMENT OF PRE-DEFINED
SUSTAINABILITY PERFORMANCE INDICATORS


        
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