Şişecam used a new syndicated loan of EUR 240 million to refinance the EUR 175 million loan that the Company used in 2019 to meet its investment and capitalization needs in Turkey and Europe.
Under the leadership of Bank of America and BNP Paribas, the debt roll-over ratio for the syndicated loan used from 9 banks was 137 percent.
Şişecam 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.
Şişecam, which has always been a highly credible institution from the international banks and financial institutions perspective, once again proved its financial reputation arising from its solid financial structure with this transaction it carried out in a period of fluctuations on a global scale.
Combining its power from production with its sustainable growth approach, R&D competencies and digital systems, Şişecam once again proved its sustainable growth performance and its ability to fulfil its obligations in the eyes of global financial institutions.