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Fortenova sells agri unit to Podravka for 333 mln euro
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Turkey's Celik Motor secures 125 mln euro syndicated loan

Dec 29, 2014, 4:46:14 PMArticle by Yurkie Ali
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ISTANBUL (Turkey), December 29 (SeeNews) – Turkish automobiles distributor Celik Motor has obtained a 125 million euro ($153 million) syndicated loan, its parent firm Yazicilar Holding [BIST:YAZIC] said.

Turkey's Celik Motor secures 125 mln euro syndicated loan

Celik Motor arranged the loan with several local and international banks, Turkish conglomerate Yazicilar Holding said in a bourse filing on Thursday.

The loan has a one-year grace period and maturity of four years. The cost of the loan is Euribor plus 3.95%.

($ = 0.819 euro)

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