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Within the scope of financing 1-ton New Generation Commercial Vehicle investment projects, which were stated on our March 16th,2021 dated disclosure, a loan agreement up to € 200 million is signed with European Bank for Reconstruction and Development (EBRD). The loan is an extension to the €650 million loan signed with EBRD on July 14th, 2021. € 54 million of this facility will be funded by EBRD and up to € 146 million will be delivered by a syndicate of lenders Green for Growth Fund Southeast Europe S.A. SICAV-SIF, HSBC Bank Middle East Limited, MUFG Bank Ltd, Société Générale and ILX Management B.V. The funds are expected to be utilized till January 31st, 2023. Up to € 77.5 million of this facility has a term of approximately four years with two years grace period and an interest rate of Euribor + 4.50 % per annum excluding other charges and fees, whereas remaining € 122.5 million has a term of approximately six years with two years grace period and an interest rate of Euribor + 4.65 % per annum excluding other charges and fees. Principal and interest payments will be made semiannually. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail. |
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.