Ülker Bisküvi secured a syndication loan of 250 million dollars.

Ülker Biscuit's New Financing Move

Ülker Biscuit announced that it has secured a 250 million dollar syndicated loan with a maturity of 5 years. This financial move is considered a significant step towards the company's growth objectives.

Details of the Loan

The loan in question has been arranged by JPMorgan as the global coordinator, with Emirates NBD and Standard Chartered Bank serving as the lead arranging and bookrunning banks. Additionally, these two institutions have also taken on an important role as joint sustainability coordinators.

Participants in the Loan

Other participating banks in the loan include Gulfbank, Abu Dhabi Commercial Bank, Rabobank, Al Ahli Bank of Kuwait, Sumitomo Mitsui Banking Corporation, Commercial Bank of Dubai, Bank of America, and HSBC. This collaboration also enjoys the support of strong players in the global financing market.

Refinancing and Closing Date

This loan will refinance the 250 million dollar 3-year syndicated loan obtained in 2023. The loan, which will mature in April 2026, will be closed on October 20.