Sisecam Receives €240 Million Syndicated Loan

ISTANBUL, TURKEY, November 9, 2022 (GLOBE NEWSWIRE) — With a new syndicated loan of €240 million, Sisecam has refinanced a €175 million loan used in 2019 to meet its investment and capitalization needs in Turkey and Europe. The three-year new syndicated loan will be used from his nine banks, led by Bank of America and BNP Paribas. The new syndicated loan has a debt rollover rate of 137%. The deal once again demonstrates the confidence international financial institutions have in his Sisecam at a time of great global volatility.

Sisecam, a global player in the glass and chemical industry, uses a new syndicated loan of €240 million to meet the 175 million it used to meet its investment and capitalization needs in Turkey and Europe in 2019 I refinanced my euro loan. Under the leadership of Bank of America and BNP Paribas, the debt rollover rate for syndicated loans from nine banks was 137%. This transaction once again demonstrates the confidence that international financial institutions have in Sisecam during a time of great global volatility.

Sisecam will use the additional loan amount for investment and capitalization needs in Turkey and Europe. The new syndicated loan has a maturity of 3 years. Always a reliable institution in terms of international banks and financial institutions, Sisecam once again proved its financial reputation stemming from its strong financial structure with this transaction executed during a volatile period on a global scale. . Combining productivity with a sustainable growth approach, R&D capabilities and digital systems, Sisecam has once again proven its sustainable growth track record and ability to meet the tangible obligations of a global financial institution.

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