Brief: Ulker Biskuvi Signs Syndicated Loan Agreement Worth $195 Mln With 5 International Banks

Ulker Biskuvi Sanayi AS

08/03/2023 15:49

March 8 (Reuters) - ULKER BISKUVI SANAYI AS  ULKER.IS :
    * ULKER BISKUVI SIGNS SYNDICATED LOAN AGREEMENT WORTH $195
MILLION
WITH 5 INTERNATIONAL BANKS UNDER THE LEADERSHIP OF BANK OF
AMERICA, COOPERATIEVE RABOBANK U.A., EMIRATES NBD CAPITAL
LIMITED AND WITH THE PARTICIPATION OF JPMORGAN CHASE BANK, N.A.
AND SHARJAH ISLAMIC BANK PJSC
    * ULKER BISKUVI SANAYI AS - CAPITAL TO BE USED TO REPAY
CURRENT
SYNDICATION LOAN OF USD 375 MILLION (DUE DATE APRIL 2023) TO
STRENGTHEN OUR FINANCIAL STABILITY AND STRENGTHEN SHORT, MEDIUM
TERM STRATEGIES OF THE COMPANY
    * ULKER BISKUVI SAYS THE LOAN IS COMPOSED OF TWO SYNDICATION
TRANCHES, WHICH ARE $35.0 MILLION AND EUR 150.0 MILLION
    * ULKER BISKUVI SANAYI AS - 20% OF NEW LOAN IS SUPPLIED VIA
MURABAHA FINANCING AND IT IS THE FIRST SUSTAINABILITY LINKED
LOAN OF ÜLKER BISKÜVI WITH MATURITY OF THREE YEARS

Source text for Eikon:  ID:nIKA7ddl51 
Further company coverage:  ULKER.IS 

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