AKLease’s syndicated term facilities agreement of EUR 100 mio
AKLease signed a syndicated term facilities agreement totalling EUR 100 million with FMO, the Dutch entrepreneurial development bank. The facilities having a maturity of 5 years and will be used for financing of energy efficiency, renewable energy, and investments in SME clients of AKLease.
AKLease, playing a big part in supporting the future and development of Türkiye with investments and specialist leasing solutions since it has been founded, has been provided EUR 100 million syndicated term facilities. Participants in the facilities include BlueOrchard Microfinance Fund (BOMF), the flagship fund of leading impact investment manager BlueOrchard Finance Ltd, Oesterreichische Entwicklungsbank (OeEB) through European Financing Partners (EFP) and several institutional investors through FMO. Approximately 80% of the facility will be used for renewable energy and energy efficiency. The rest will be reserved for micro and SME clients of AKLease, who primarily lease new equipment and long-term assets.
AKLease General Manager Çetin Düz, speaking at the signing ceremony of the agreement and stating that the important part of the investments in their portfolio today constitute of energy efficiency and green energy investments stated “As AKLease, we continue to be ‘the complementary force of growth and economy’ with our continuous support in investments. Today, we will further advance this support with the term facilities agreement of EUR 100 million with 5 years maturity with FMO. As a company, we focus on new investments which will contribute to energy efficiency and waste management, particularly concerning machinery, energy, textile equipment. Regardless of the size of the investment, we consider the environmental impacts in all investment appraisals. As a policy, we keep the industries and investments adversely impacting the environment outside the appraisal. We would like to support sustainability while also providing financial support to new investments with these new loans we received. We become stronger through the loan agreements we signed one after another for achieving our goals.”
Ruhi Coşgun, Manager Partnerships for Impact (P4i) at FMO, said, “We are thrilled to have catalyzed and arranged this latest multi-currency loan facility for our customer AKLease. By providing long-term financing to AKLease, we can support their strategy towards renewable energy and energy efficiency, contributing to SDG 7. Through this facility, AKLease will be able to further develop its green portfolio, and also support job creation and retention of micro and SME clients of AKLease, in line with FMO’s mandate. We look forward to our continued partnership with AKLease.”
Normunds Mizis, Chief Credit Officer of BlueOrchard said; “We are very pleased to have a partnership with AKLease. We are impressed by AKLease’s commitment for sustainability and clean energy, and we look forward to supporting their growth thus the SME sector in Turkey.”
Policy Declaration: https://www.fmo.nl/independent-complaints-mechanism