Brief: Ulker Biskuvi Signs Syndicated Loan Agreement Worth $455 Million With 7 International Banks

Ulker Biskuvi Sanayi AS

02/04/2020 07:47

April 2 (Reuters) - ULKER BISKUVI SANAYI AS  ULKER.IS :
    * SIGNED A SYNDICATED LOAN AGREEMENT WITH 7 INTERNATIONAL
BANKS
WORTH $455 MILLION WITH A MATURITY OF THREE YEARS
    * LOAN IS COMPOSED OF TWO SYNDICATION TRENCHES, WHICH ARE
$110
MILLION AND EUR 244 MILLION
    * LOAN  ALSO INCLUDES CREDIT AGREEMENT SIGNED WITH EBRD WITH
EUR
75 MILLION
    * FINANCING IS PLANNED TO BE USED FOR PAYING OFF SYNDICATED
LOAN
FACILITY AMOUNTING TO $375 MILLION MATURING IN APRIL 2020 AND
COMPANY'S STRATEGIC INVESTMENT PROJECTS
    * BANK OF AMERICA WILL BE GLOBAL COORDINATOR, BOOKRUNNER AND
INITIAL MANDATED LEAD ARRANGER, COÖPERATIEVE RABOBANK U.A., WILL
BE BOOKRUNNER AND INITIAL MANDATED LEAD ARRANGER, EMIRATES NBD
CAPITAL LIMITED WILL BE BOOKRUNNER AND INITIAL MANDATED LEAD
ARRANGER 

Source text for Eikon:  ID:nIKAHNMN6 
Further company coverage:  ULKER.IS 

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