Türk Telekomünikasyon AS

06/02/2020 | Press release | Distributed by Public on 06/03/2020 02:40

02 June 2020 dated Regulatory Disclosure – Long Term Loan Agreement

Türk Telekom plans to fully integrate the universal principles of sustainability into its business model, strategies and corporate decisions with its sustainability approach. Our Company implements many projects and initiatives including energy efficiency projects designed in this direction in close cooperation with its stakeholders.

In this scope, our Company signed a long-term loan agreement with European Bank for Reconstruction and Development (EBRD) in order to finance our Company's capital expenditures within sustainability scope, which includes primarily energy efficiency projects. The amount of the facility is USD 100 million with an all-in cost of "LIBOR + 2.85%". The maturity is 6 years and the principal of the facility will be paid at once at the maturity.​