Şişecam has used a new syndicated loan of €240 million to refinance the €175 million loan the Company used in 2019. The three year new syndicated loan is used from nine banks under the leadership of Bank of America and BNP Paribas. The debt rollover ratio of the new syndicated loan is 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 capitalisation needs in Turkey and Europe. The maturity of the new syndicated loan will be three years. The company, 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 power from production with a sustainable growth approach, R&D competencies and digital systems, has once again provided sustainable growth performance and fulfilment of obligations in the eyes of global financial institutions.

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