ÇİMSA ÇİMENTO SANAYİ VE TİCARET BIST:CIMSA:
SIGNS LOAN AGREEMENT WITH THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT FOR A TOTAL OF 50 MILLION EUROS WITH A 5-YEAR MATURITY, INCLUDING A 2-YEAR GRACE PERIOD FOR PRINCIPAL REPAYMENT
THE LOAN WILL BE UTILIZED IN TWO EQUAL TRANCHES, WITH FIRST TRANCHE AVAILABLE WITHIN ONE MONTH FROM DATE OF AGREEMENT
THE SECOND TRANCHE TO BE UTILIZED WITHIN SIX MONTHS FROM DATE OF AGREEMENT TAKING INTO ACCOUNT COMPANY'S CASH REQUIREMENTS
THE PROCEEDS FROM LOAN WILL BE UTILIZED TO FINANCE VARIOUS SUSTAINABILITY INVESTMENTS TO BE CARRIED OUT AT MERSIN PLANT WITHIN SCOPE OF TARGET TO ACHIEVE NET-ZERO EMISSIONS IN GREENHOUSE GAS EMISSIONS BY 2050
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