Beko successfully completes its debut EUR 350 million syndicated term loan facility

Beko B.V., a wholly owned subsidiary of Beko, a leading global manufacturer of white goods, has successfully completed its first EUR 350 million global syndicated loan facility. This landmark transaction, which marks Beko's first entry into the global syndicated loan market, was raised with the participation of regional and international banks.

The three-year syndicated term loan facility, led by Emirates NBD Capital Limited ("EMCAP"), the investment banking arm of Emirates NBD, as sole coordinator, initial mandated lead arranger and bookrunner, represents a significant milestone for Beko. Emirates NBD Bank (P.J.S.C.) also played a pivotal role as facility agent.

The transaction attracted overwhelming interest from financial institutions across Europe, the Middle East and Asia, reflecting the market's confidence in Beko's robust credit profile. The transaction attracted demand from 14 financial institutions, leading to a 200% oversubscription of the initial launch amount of EUR 250 million. In response, Beko took the strategic decision to increase the size of the facility to EUR 350 million, further strengthening its financial base and allowing it to diversify its investor base globally.

Barış Alparslan, CFO of Beko, commented: "Securing our first syndicated loan facility is a major accomplishment for Beko. The enthusiastic response from global investors confirms our financial strength and long-term strategic objectives. We are grateful to Emirates NBD Capital and all our syndicate partners for their unwavering support in this significant transaction. This facility not only sets a strong precedent for our future financings, but also supports our continued business development and growth across our global operations.”

This successful transaction reaffirms Beko's position as a global market leader and underlines the confidence of the financial community in its continued growth and innovation.