Koç Holding signed a loan agreement worth 600 million dollars.

Koç Holding Takes a New Financial Step

Koç Holding (#KCHOL) has signed a noteworthy loan agreement worth 600 million dollars to strengthen its financial liquidity. With this strategic move, the company aims to increase its resilience against market fluctuations.

Loan Details and Terms

In a statement made to the Public Disclosure Platform (KAP), Koç Holding announced that the loan will have an initial 2.5 years of no repayments. Under the agreement with international financial institutions, the signatories include Bank of America Europe DAC, BNP Paribas Fortis SA/NV, HSBC Bank Middle East Limited, ING Bank N.V., Dublin Branch, JPMorgan Chase Bank, N.A., London Branch, MUFG Bank, Ltd., Société Générale, and Standard Chartered Bank (Hong Kong) Limited.

Loan Cost and Usage Period

The total loan amount of 600 million dollars has a cost rate of SOFR + %1.95, excluding fees and commissions. The loan, which must be utilized within six months, offers a structure with semi-annual interest payments. After the initial 2.5 years of no repayments, it is scheduled to be repaid in six equal installments every six months.

Koç Holding's Strategic Vision

This financial arrangement is considered a part of Koç Holding's efforts to achieve sustainable growth targets in its sector. The company aims to enhance its operational flexibility in the face of potentially adverse market conditions with high liquidity levels.