Friday, 07, May, 2021

UzAuto Motors JSC and the London branch of Credit Suisse AG signed a EUR 150 million syndicated loan agreement, UzAuto Motors said.

The loan will reportedly be used to finance projects of UzAuto Motors, modernization and technical equipment of the plant and to increase working capital. The projects will allow UzAuto Motors to launch the production of new General Motors models on the GEM platform”.

The signing of the syndicated loan agreement has become a benchmark deal for UzAuto Motors, as a debut in international syndicated lending, the company concluded.

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