Sisecam uses a syndicated loan of 240 million euros

ISTANBUL, Turkey, Nov. 09, 2022 (GLOBE NEWSWIRE) — Sisecam used a new syndicated loan of €240 million to refinance the €175 million loan that the Company used in 2019 to meet its investment and capitalization needs in Turkey and Europe. The new 3-year syndicated loan is used with 9 banks under the leadership of Bank of America and BNP Paribas. The debt refinancing ratio of the new syndicated loan is 137%. The operation has once again revealed the confidence of international financial institutions in Sisecam at a time when global fluctuations are quite strong.

Sisecam, a global player in the glass and chemical industries, used a new syndicated loan of €240 million to refinance the €175 million loan that the Company used in 2019 to meet its investment needs and capitalization in Turkey and Europe. Under the leadership of Bank of America and BNP Paribas, the debt refinancing ratio for the syndicated loan used with 9 banks was 137%. The operation has once again revealed the confidence of international financial institutions in Sisecam at a time when global fluctuations are quite strong.

Sisecam will use the additional loan amount for investment and capitalization needs in Turkey and Europe. The maturity of the new syndicated loan will be 3 years. Sisecam, which has always been a highly credible institution from the point of view of international banks and financial institutions, has once again proven its financial reputation stemming from its solid financial structure with this operation carried out in a period of global fluctuations. . Combining its manufacturing power with its sustainable growth approach, R&D skills and digital systems, Sisecam has once again proven its sustainable growth performance and ability to meet its obligations to global financial institutions.

A photo accompanying this ad is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eb37bc62-933e-49e6-80f9-cbdcb5ddd9cc


        

Comments are closed.