Ford Otosan Signs Loan Agreement Up To EUR 200 Mln With EBRD
Summary
None LOAN AGREEMENT UP TO 200 MILLION IS SIGNED WITH EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD) None EUR 54 MILLION OF THIS FACILITY WILL BE FUNDED BY EBRD None UP TO EUR 146 MILLION TO BE DELIVERED BY SYNDICATE OF LENDERS GREEN FOR GROWTH FUND SOUTHEAST EUROPE S.A. SICAV-SIF, HSBC BANK MIDDLE EAST LIMITED, MUFG BANK LTD, SOCI\xc9T\xc9 G\xc9N\xc9RALE AND ILX MANAGEMENT B.V None FUNDS ARE EXPECTED TO BE UTILIZED TILL JANUARY 31ST, 2023 None UP TO EUR 77.5 MILLION OF THIS FACILITY HAS TERM OF AROUND FOUR YEARS WITH TWO YEARS GRACE PERIOD AND INTEREST RATE OF EURIBOR + 4.50 % PER ANNUM None REMAINING EUR 122.5 MILLION HAS TERM OF AROUND SIX YEARS WITH TWO YEARS GRACE PERIOD AND INTEREST RATE OF EURIBOR + 4.65 % PER ANNUM None PRINCIPAL AND INTEREST PAYMENTS WILL BE MADE SEMIANNUALLY