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Our company signed a long-term loan agreement with Citibank (as Facility Agent), JP Morgan (as Development Finance Institution Agent), and Societe Generale (as Documentation Agent) under the insurance coverage of Finnvera (Finnish export credit agency) in order to finance our company's and its subsidiaries' capital expenditures. The amount of the facility is USD 189 million, the final maturity is September 2030 with an average maturity of 4.3 years. The interest rate is 3m LIBOR + 0.70% p.a. and total cost including the other upfront costs and insurance premium is 3m LIBOR + %2.62 p.a. As a result of the assessment conducted by the J.P. Morgan Development Finance Institution, this loan transaction has been qualified as a Development Finance transaction with a "High" degree of development intensity and contributions to advancing the United Nations Sustainable Development Goals no. 7 (affordable and clean energy), no. 9 (industry, innovation and infrastructure), and no. 12 (responsible consumption and production). |
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.