Şişecam Used a Syndicated Loan of 240 Million Euros

Date: 11 November 2022
Source: Şişecam
Şişecam Used a Syndicated Loan of 240 Million Euros
Photo source
Şişecam

Date: 11 November 2022

Şişecam used a new syndicated loan of 240 million Euros to refinance the 175 million Euro loan that the Company used in 2019 to meet its investment and capitalization needs in Turkey and Europe.

Under the leadership of Bank of America and BNP Paribas, the debt rollover ratio for the syndicated loan used from 9 banks was 137 percent. The transaction once again revealed the trust of international financial institutions towards Şişecam at a time when global fluctuations are quite high.

Şişecam will use the additional loan amount for investment and capitalization needs in Turkey and Europe. The maturity of the new syndicated loan will be 3 years. Şişecam, which has always been a highly credible institution from the international banks and financial institutions perspective, once again proved its financial reputation arising from its solid financial structure with this transaction it carried out in a period of fluctuations on a global scale. Combining its power from production with its sustainable growth approach, R&D competencies and digital systems, Şişecam once again proved its sustainable growth performance and its ability to fulfill its obligations in the eyes of global financial institutions.

600450 Şişecam Used a Syndicated Loan of 240 Million Euros glassonweb.com

See more news about:

Others also read

At Intersolar 2025, Şişecam will focus on sustainable energy solutions, showcasing its innovative approach to the sector with its Şişecam Charger by ML System glass technologies and high-efficiency solar glass products.
Victoria Regina Tower in Brussels is embracing a sustainable future with the help of Şişecam’s high-performance solar control glass.
Şişecam celebrates its 90th anniversary with the 39th International Glass Conference, focusing on glass science and technology advancements.
Şişecam will participate in the International Solarex Istanbul Fair, taking place at Istanbul Expo Center from April 10-12, 2025.
Şişecam, a global player in the glass and chemicals industries met with its investors at its 89th Annual General Assembly to share its financial and operational results.
Şişecam will showcase its sustainable and innovative glass packaging products to industry professionals.

Add new comment

From industry

İçmeler Mah. D-100 Karayolu Cad. No:44A,
34947 Tuzla,/İstanbul
Turkey