10-year loan strengthens capital structure and supports strategic development
Beko, a leading global manufacturer of white goods, has secured a €125 million, 10-year push strategy loan with SACE, Italy’s export credit agency and insurance-finance group, fully owned by the Ministry of the Economy and Finance.
The agreement was formalized during a signing ceremony in Rome bringing together Fatih Kemal Ebiçlioğlu, Consumer Durables Group President of Koç Holding (the parent group of Beko); Barış Alparslan, Chief Financial Officer at Beko; and Alessandra Ricci, CEO at SACE. Their combined presence reinforced the shared commitment to strengthen economic cooperation.
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This long-term financing strengthens Beko’s capital structure and enhances the company’s ability to pursue strategic growth. It also creates opportunity for future procurement from Italian suppliers, strengthening the European supply chain ecosystem and reflecting Beko’s commitment to long-term financial partnerships. This operation is part of SACE’s Push Strategy Program, which facilitates relationships between strategic foreign buyers and the Italian production system. In this context, Beko has committed to participating in business matching events with Italian companies to explore new commercial opportunities.
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“This financing agreement with SACE represents an important milestone in Beko’s long-term strategy,” said Fatih Kemal Ebiçlioğlu, Consumer Durables Group President of Koç Holding. “It creates valuable opportunities for collaboration with other Italian partners and supports our commitment to developing our operational capabilities sustainably and responsibly.”
Barış Alparslan, Chief Financial Officer of Beko, commented: “This agreement provides important financial flexibility for our operations and reflects the confidence of leading global institutions in our long-term approach.”
Alessandra Ricci, CEO of SACE: “We are proud to initiate this collaboration with Beko, a globally recognized industrial leader and strategic partner for our production system. This operation is a concrete example of how SACE’s Push Strategy can create real opportunities for Italian businesses by promoting innovation and facilitating access to new value chains, in the complex global context.”
BNP Paribas and Deutsche Bank acted as mandated lead arrangers.
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Source – www.prnewswire
