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Türk Telekom plans to fully integrate the universal principles of sustainability into its business model, strategies and corporate decisions with its sustainability approach. Our Company implements many projects and initiatives including energy efficiency projects designed in this direction in close cooperation with its stakeholders.
In this scope, our Company signed a long-term loan agreement with European Bank for Reconstruction and Development (EBRD) in order to finance our Company's capital expenditures within sustainability scope, which includes primarily energy efficiency projects. The amount of the facility is USD 100 million with an all-in cost of "LIBOR + 2.85%". The maturity is 6 years and the principal of the facility will be paid at once at the maturity.
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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.