Erdem & Erdem Advises on Karsan EUR 35 Million Financing From IFC
Erdem & Erdem is proud to represent Karsan in connection with its EUR 35 million Senior Term Loan Agreement with IFC.
Karsan, a leading manufacturer of conventional and electric light commercial vehicles and buses, will use EUR 25 million to fund its working capital needs and EUR 10 million to support its acquisition of intellectual property rights and technological know-how around electric buses. Karsan believes that the loan will also contribute to its competitive and sustainable growth on a global level.
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