Ford Otomotiv Sanayi : European Bank for Reconstruction and Development (EBRD) Loan Agreement
July 14, 2021 at 03:03 pm EDT
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FORD OTOMOTİV SANAYİ A.Ş.
Material Event Disclosure (General)
Summary
European Bank for Reconstruction and Development (EBRD) Loan Agreement
Material Event Disclosure General
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Material Event Disclosure General
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Announcement Content
Explanations
Within the scope of financing 1-ton New Generation Commercial Vehicle investment projects, which were stated on our March 16th, 2021 dated disclosure, a loan agreement up to € 650 million is signed with European Bank for Reconstruction and Development (EBRD).
175 million of this facility will be funded by EBRD and € 475 million will be delivered by a syndicate of lenders Akbank AG, Bank of China Limited, BNP Paribas Fortis Sa-Nv Brussels, Emirates NBD Bank PJSC, Green for Growth Fund Southeast Europe S.A. SICAV-SIF, HSBC Bank Middle East Limited, Industrial and Commercial Bank of China Limited, Mediobanca - Banca di Credito Finanziario S.p.A., MUFG Bank Ltd, Qatar National Bank (Q.P.S.C.), Société Générale. The funds are expected to be utilized till January 31st, 2022.
325 million of this facility has a term of five years with approximately two years grace period and an interest rate of Euribor + 2.30 % per annum excluding other charges and fees, whereas remaining € 325 million has a term of seven years with approximately two years grace period and an interest rate of Euribor + 2.45 % per annum excluding other charges and fees. Principal and interest payments will be made semiannually.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement,
the Turkish version shall prevail.
We proclaim that our above disclosure is in conformity with the principles set down in "Material Events Communiqué" of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we're personally liable for the disclosures.
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Ford Otomotiv Sanayi AS published this content on 14 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2021 19:02:01 UTC.
Ford Otomotiv Sanayi AS is a Turkey-based company, which is engaged in the automobile and auto parts sector. It manufactures, assembles and sells motor vehicles, primarily commercial vehicles; imports and sells passenger cars, as well as manufactures, imports and sells spare parts of those vehicles. Ford Otomotiv Sanayi AS operates as a joint venture between Ford Motor Company and the Koc Group of Companies. In its Kocaeli compound, the Company has a Golcuk plant in which the transit and transit custom vehicles are manufactured and a Yenikoy plant in which the transit courier vehicles are manufactured. In its Eskisehir Inonu compound, the Company has a cargo truck plant as well as an engine and power train plant which manufactures for trucks and transit vehicles. Additionally the Company has a spare part distribution warehouse, sales and marketing departments and a research and development (R&D) center located in Sancaktepe, Istanbul.
FORD OTOMOTIV SANAYI 
