Kervan Gıda Receives 40 Million Euro Loan from EBRD

EBRD Support from Kervan Gıda for Growth Goals

Kervan Gıda, operating in the soft candy sector, announced that it has received a 40 million euro loan from the European Bank for Reconstruction and Development (EBRD) within the framework of its growth goals.

The Importance of Financing: Devrim Kılıçoğlu, CEO of Kervan Gıda, made a statement

Kervan Gıda CEO Devrim Kılıçoğlu stated that the financing will have a positive impact on their profitability in the short and medium term. "Financial discipline is critical for sustainable and profitable growth. This loan will strengthen our financials and support our goals."

Environmental Responsibility and Green Investments

Kılıçoğlu also emphasized their environmental responsibility and underlined that the green investments to be made with the loan will further advance their environmentally sensitive projects. He stated that the company has proven its commitment in this area with the Solar Power Plant project it has already implemented.

Investment in Human Resources

Kılıçoğlu underlined the importance given to employees and stated that they will continue to strengthen their training and development programs. "Our employees are our greatest asset; we are committed to offering internship and career development opportunities to young talents," he added.

Details of the Loan Agreement

Kervan Gıda announced in a statement to the Public Disclosure Platform (KAP) that it has signed a loan agreement with the EBRD for 40 million euros. The loan will be used to extend short-term loans to long-term maturities, working capital needs and capital expenditures.

The maturity structure of the loan has been determined as 3 years for EUR 15 million and 5 years for EUR 25 million, with a grace period for the first year. As a result of these developments, Kervan Gıda's cash flow will be strengthened and its balance sheet position will improve.

Disclosed to stakeholders with respect.