Cımsa Says It Signs Loan Agreement With EBRD For A Total Worth EUR 50 Mln With A 5-Year Maturity

About this update from Cimsa Cimento Sanayi Ve Ticaret A.s.

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 REPAYMENTTHE LOAN WILL BE UTILIZED IN TWO EQUAL TRANCHES, WITH FIRST TRANCHE AVAILABLE WITHIN ONE MONTH FROM DATE OF AGREEMENTTHE SECOND TRANCHE TO BE UTILIZED WITHIN SIX MONTHS FROM DATE OF AGREEMENT TAKING INTO ACCOUNT COMPANY'S CASH REQUIREMENTSTHE 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 Source text for Workspace: Further company coverage:

View stock analysis, news, and events for Cimsa Cimento Sanayi Ve Ticaret A.s.