Tofas Signs Loan Agreement Amounting To EUR 275.7 Mln, In Connection With K9 Commercial Vehicle Contract

About this update from Tofas Turk Otomobil Fabrikasi A.s.

TOFAŞ TÜRK OTOMOBİL FABRİKASI BIST:TOASO:SAID ON FRIDAY SIGNS LOAN AGREEMENT WITH BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) FOR AN EXPORT CREDIT AGENCY (ECA) LOAN AMOUNTING TO 275.7 MILLION EUROS, INCLUDING INSURANCE PREMIUM IN CONNECTION WITH K9 COMMERCIAL VEHICLE CONTRACTTHIS LOAN WILL SUPPORT FINANCING OF PREVIOUSLY ANNOUNCED INVESTMENT OF 256 MILLION EUROSLOAN IS EXPECTED TO BE UTILIZED WITHIN ONE MONTH AND WILL MATURE IN DECEMBER 2034BASED ON ESTIMATED DISBURSEMENT SCHEDULE AND AVERAGE MATURITY, WITH SEMI-ANNUAL PRINCIPAL AND INTEREST PAYMENTS, ANNUAL TOTAL COST OF THE LOAN WILL BE IN RANGE OF 6-MONTH EURIBOR + 2.25% – 2.35% Source text for Workspace: Further company coverage:

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